Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Egyptian Stocks: Juhayna Food Industries, Namaa, Olympic Group

Egypt’s benchmark EGX 30 Index lost 2.9 percent, the most in almost three months, to 5,116.21 at the 2:30 p.m. close in Cairo.

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

Juhayna Food Industries (JUFO EY), Egypt’s biggest producer of packaged milk, dropped 1.1 percent to 5.39 Egyptian pounds, the lowest level since May 15. The North African country’s inflation rate declined in June as food prices rose at a slower pace. Food and beverage prices increased 19 percent compared with 19.8 percent a month earlier.

Olympic Group Financial Investment Co. SAE (OLGR EY) jumped 6.6 percent to 38.4 pounds, the highest level since Jan. 26. Stockholm-based Electrolux AB agreed to buy 52 percent of the Egyptian appliance maker from Paradise Capital and offered to buy the remaining shares at 40.6 pounds per share.

As part of the deal, Electrolux will sell Olympic’s stakes in Namaa for Development & Real Estate Investment Co. (NDRP EY), a Cairo-based construction and real-estate company, and B-Tech (OSTD EY), a retail chain of household appliance stores, to Paradise for about 450 million pounds ($76 million). Namaa climbed 9.7 percent to 12.35 pounds, the highest since Jan. 24. B-Tech increased 9.4 percent to 3.03 pounds, the highest since Jan. 17.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.