Egyptian Stocks: Amer Group and Pioneers Holding Were Active

Egypt’s benchmark EGX 30 Index (CASE) fell for a fourth day, losing 1.4 percent to 5,202.47, the lowest in almost three weeks, at the 2:30 p.m. close in Cairo.

The following stocks rose or fell in Egypt. Symbols are in parentheses.

Amer Group Holding (AMER) , the Cairo-based resorts operator, declined 3.3 percent to 1.17 Egyptian pounds, the lowest level since listing shares in November. The number of tourist visiting Egypt tumbled 46 percent in the first quarter to 1.9 million from the year-earlier period amid the revolution that toppled the country’s government, Tourism Minister Mounir Fakhry Abdel Nour said late yesterday.

Pioneers Holding (PIOH EY) fell 2.3 percent to 2.11 pounds, the lowest since shares listed in June 2008. Egypt’s second- biggest publicly traded investment bank said 2010 profit plunged 90 percent to 10.9 million pounds ($1.83 million).

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

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