Bloomberg the Company & Products

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

Communications

Industry Products

Media Services

Follow Us

Egyptian Stocks: EFG-Hermes and Telecom Egypt Are Active

April 8 (Bloomberg) -- Egypt’s benchmark EGX30 Index decreased 2.2 percent, the most since March 25, to 4,722.41 at the 2:30 p.m. in Cairo.

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

EFG-Hermes Holding SAE (HRHO EY) fell 1.7 percent to 12.63 Egyptian pounds, the lowest close since Feb. 16. The biggest publicly traded Arab investment bank posted an 81 percent plunge in 2011 profit to 133 million pounds ($22 million) because of political unrest in Egypt.

Telecom Egypt (ETEL EY) increased as much as 1.1 percent to 13.81 pounds before closing at 13.74 pounds. The Arab country’s fixed-line monopoly will pay a dividend of 1.1 pounds on April 11 for shareholders as of today.

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.