Egyptian Stocks: Alexandria Mineral Oils and Pioneers Holding

Egypt’s benchmark EGX 30 Index (EGX30) fell 1.7 percent to 5,270.66 at the 2:30 p.m. close in Cairo, the lowest level in three weeks.

The following shares rose or fell in Cairo. Symbols are in parentheses.

Alexandria Mineral Oils Co. (AMOC) climbed 6.3 percent, the most in more than a month, to 68.16 Egyptian pounds. The Alexandria, Egypt-based producer of petroleum products said its annual profit for the year that ended June 30 almost doubled to 1.05 billion Egyptian pounds.

Pioneers Holding (PIOH) lost 5.2 percent, the most since June 29, to 4.54 pounds. Egypt’s second-biggest publicly traded investment bank said it has completed a 10-million-share buy- back plan in the month that ended July 7. Pioneers bought back the shares at 3.3 pounds each, it said.

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

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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