Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Lecico Egypt and Talaat Moustafa Group: Egypt Equity Preview

Don't Miss Out —
Follow us on:

June 21 (Bloomberg) -- The following companies may be active in Egypt’s stock market. Symbols are in parentheses and prices are from the last close.

The benchmark EGX 30 Index fell 0.8 percent to 5,580.96 in Cairo.

Lecico Egypt SAE (LCSW): The Alexandria, Egypt-based maker of sanitary ware and tiles will distribute one free share for every three held on July 7 to shareholders as of July 6. That will raise the company’s capital to 400 million Egyptian pounds ($67 million) from 300 million pounds. The shares retreated 0.2 percent to 15.02 pounds.

Talaat Moustafa Group Holding (TMGH EY): A Cairo court is expected to rule today on a case against the government’s land sale to the country’s biggest publicly traded property developer for its Madinety project. The court delayed the ruling from last month to allow an advisory panel of judges to issue a recommendation. The shares lost 0.8 percent to 5.04 pounds.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.