Egyptian Stocks: Egyptian Kuwaiti, National Co. for Maize
Egypt’s benchmark EGX30 Index (EGX30) climbed 2.9 percent to 4,892.93, the highest level in more than six months, at the 2:30 p.m. close in Cairo,
The following shares were active on the Egyptian Exchange today. Stock symbols follow company names.
Egyptian Kuwaiti Holding Co. (EKHO) gained 1.8 percent to $1.14, the highest level in five months. The Cairo-based private equity company said 2011 profit advanced 3 percent to $149.7 million and recommended a 20 percent cash dividend.
National Co. for Maize Products (NCMP EY), a producer of sweeteners from corn, rose 2.3 percent to 14.5 Egyptian pounds, the highest level in seven weeks. Corn futures for March delivery fell 0.8 percent to close at $6.3175 a bushel on the Chicago Board of Trade Feb. 10, extending its decline last week to 2 percent.
To contact the reporter on this story: Ahmed A Namatalla in Cairo at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com