Egyptian Stocks: EFG-Hermes and Telecom Egypt Are Active

Egypt’s benchmark EGX30 Index (EGX30) decreased 2.2 percent, the most since March 25, to 4,722.41 at the 2:30 p.m. in Cairo.

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

EFG-Hermes Holding SAE (HRHO) fell 1.7 percent to 12.63 Egyptian pounds, the lowest close since Feb. 16. The biggest publicly traded Arab investment bank posted an 81 percent plunge in 2011 profit to 133 million pounds ($22 million) because of political unrest in Egypt.

Telecom Egypt (ETEL) increased as much as 1.1 percent to 13.81 pounds before closing at 13.74 pounds. The Arab country’s fixed-line monopoly will pay a dividend of 1.1 pounds on April 11 for shareholders as of today.

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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