Egyptian Stocks: Talaat Moustafa and Orascom Telecom Media

Egypt’s benchmark EGX 30 Index (EGX30), fell to the lowest level this month, slipping 1 percent to 4,902.07 at the 2:30 p.m. close in Cairo.

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

Orascom Telecom Media & Technology Holding SAE (OTMT) increased 2 percent to 1.56 Egyptian pounds, the highest close in more than four months. Shareholders as of July 16 will qualify for a dividend of 1.05 pounds a share.

Talaat Moustafa Group Holding SAE (TMGH) plunged 7 percent, the most in almost three weeks, to 4.4 pounds. A panel of judges recommended the annulment of a revised contract that allowed the government to sell a plot of land to Egypt’s biggest publicly traded real estate developer.

To contact the reporter on this story: Ahmed A. Namatalla in Cairo at

To contact the editor responsible for this story: Claudia Maedler at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.