Food companies to increase prices 2-5% effective next week; Domty to peg price increases to exchange rate
Food producers are planning to increase product prices by next week, with the Federation of Egyptian Industries expecting increases of c2-5%. Arabian Food Industries (Domty) (DOMT.CA) is considering pegging its price increases to the exchange rate. (Al Borsa) Domty: EGP6.57 as of 08 November 2016, Rating: Buy, FV: EGP10.20 per share, MCap: USD104mn, DOMT EY / DOMT.CA
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