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

Egyptian Stocks: Orascom Telecom, Beltone, Abu Kir Fertilizers

Don't Miss Out —
Follow us on:

Aug. 11 (Bloomberg) -- Egypt’s benchmark EGX30 Index retreated for the fourth time in five days, dropping 1.5 percent to 4,592.31 at the 1:30 p.m. close in Cairo. The measure has lost 8.3 percent this week.

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

Abu Kir Fertilizers & Chemical Industries Co. (ABUK EY) increased 4.8 percent, the most since March 27, to 215.49 Egyptian pounds. Egypt’s biggest publicly traded fertilizers producer said its board of directors approved distributing two free shares for every three held.

Beltone Financial Holding SAE (BTFH EY) fell 1.8 percent to 17.34 pounds, the lowest level in more than two weeks. The Cairo-based investment bank said it had a first-half loss of 10.2 million pounds ($1.7 million) after a profit of 10.9 million pounds a year earlier.

Orascom Telecom Holding SAE (ORTE EY) declined for the fourth time in five days, losing 2.7 percent to 3.22 pounds. North Africa’s biggest mobile networks operator said it had a second-quarter loss of $58.5 million without providing a comparative figure for the year-earlier period.

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.