Egyptian Ezz Steel headed for the biggest daily gain in more than two weeks after its unit Al Ezz Dekheila Steel Co reported higher 9 month profit than last year.

The Alexandria based Ezz Dekheila said that its 9 month profit rose 0.5% to EGP 562 million from a year earlier.

Ezz Steel owns 53% of Ezz Dekheila, according to Bloomberg data.

Ezz Steel hasn’t yet reported third-quarter results.

(Sourced from bloomberg.net)