Egyptian Stocks: Telecom Egypt and Raya Holding Are Active

Egypt’s benchmark EGX30 Index (EGX30) fell for the first time in six days, losing 0.1 percent to 4,530.73 at the 2:30 p.m. close in Cairo.

The following were among active stocks on the Egyptian Exchange today. Stock symbols follow company names.

Raya Holding Co. (RAYA) increased 3.8 percent to 4.13 Egyptian pounds, the highest close in more than two months. The board of the information technology company approved starting a subsidiary to provide data-center services.

Telecom Egypt (ETEL) fell for a second day, declining 1.1 percent to 15.04 pounds. The country’s monopoly fixed-line phone company said its shareholders approved paying a 30 piaster dividend for 2011. The company paid a dividend of 1.3 pounds a share last year, according to Bloomberg data.

To contact the reporter 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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.