The following shares were active on the Egyptian Exchange. Stock symbols follow company names.
EFG-Hermes Holding SAE (HRHO) climbed 5.2 percent, the biggest daily advance in more than a week, to 13.85 Egyptian pounds. The board of directors of the Cairo-based firm proposed paying a 4-pound dividend once the company sets up a joint- venture investment bank with Qatar’s QInvest.
Heliopolis Housing (HELI) dropped for the fourth time in five days, declining 1.9 percent to 15.80 pounds. The Cairo- based property developer said nine-month profit fell 33 percent to 78 million pounds ($13 million).
Orascom Telecom Holding SAE (ORTE) fell 1.2 percent to 3.25 pounds, the lowest close since April 9. An Algerian court delayed until May 27 a hearing for the appeal of the local unit of North Africa’s biggest mobile phone company. The unit known as Djezzy is appealing a $1.3 billion court-ordered fine for violating foreign exchange rules.
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