Egypt Stocks: Egypt for Poultry and Egyptian Resorts Were Active

Egypt’s benchmark EGX 30 Index (EGX30) snapped a two-day advance, retreating 2 percent to 5,064.40 at the 2:30 p.m. close in Cairo.

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

Egypt for Poultry (EPCO EY) decreased 2.9 percent to 2.01 Egyptian pounds, the lowest close since Feb. 22. The Cairo-based chicken producer agreed to sell 1.34 million treasury shares.

Egyptian Resorts Co. (EGTS) slumped 3.5 percent, the biggest decrease since Feb. 2, to 1.4 Egyptian Pounds. The resort developer reported a net loss in 2011 of 7.4 million Egyptian pounds ($1.2 million).

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

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

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