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: Orascom Telecom, EFIC, El Watany Bank Egypt

Nov. 21 (Bloomberg) -- Egypt’s benchmark EGX 30 Index slumped 4 percent to 3,860.99 at the 2:30 p.m. close in Cairo, the lowest level since March 2009.

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

Egyptian Financial & Industrial Co. (EFIC EY) dropped 5.4 percent to 9.47 Egyptian pounds, the lowest level since Oct. 10. The Arab country’s biggest publicly traded phosphate-based fertilizer producer also known as EFIC said nine-month profit retreated 27 percent from a year earlier to 43.8 million pounds ($7.3 million).

Orascom Telecom Holding SAE (ORTE EY) lost 3.9 percent to 2.95 pounds, the lowest level in more than seven years. The biggest mobile-phone company by users in North Africa said it asked the Egyptian bourse to suspend trading of its shares after the market closes on Nov. 24 to allow it to split into two companies.

El Watany Bank of Egypt (WATA EY) decreased 3.2 percent to 17.43 pounds, the lowest level in more than a month. The Cairo-based unit of National Bank of Kuwait said nine-month profit declined 44 percent from a year earlier to 191.9 million pounds.

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

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

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.