Egyptian Stocks: Al Baraka Bank Egypt, National Co. for Maize

Egypt’s benchmark EGX30 Index (EGX30) gained for the first time in five days, advancing 0.8 percent to 5,090.72 at the 2:30 p.m. close in Cairo.

The following shares were active on the Egyptian Exchange. Stock symbols follow company names.

Al Baraka Bank Egypt ESC (SAUD) increased 1.7 percent to 9.69 Egyptian pounds. The Cairo-based unit of Bahrain’s Albaraka Banking Group (BARAKA) said it will ask shareholders to approve a dividend payment for 2011 equal to 15 percent of capital, or 92.3 million pounds ($15.3 million).

National Co. for Maize Products (NCMP EY), a producer of sweeteners from corn, gained 2.5 percent, the biggest advance since Feb. 23, to 14.78 pounds. Corn futures for May delivery fell for the first time in four days, losing 0.6 percent to $6.5825 a bushel on the Chicago Board of Trade.

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

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