CAIRO: Ezz Dekheila Steel plans to buy back 136,677 of its shares from the market, the stock exchange said in a statement on Tuesday.

The shares, 1 percent of the Egyptian company s total equity, have a market value of about LE 142 million ($24.9 million) at Monday s closing price.

The share price was up 1.2 percent in the first five minutes of trading on Tuesday at LE 1,050 by 10:35 am.

The period for the buyback is from June 12 to July 11.