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: Pioneers, Cairo Poultry, Ezz Aldekhela Steel

April 19 (Bloomberg) -- Egypt’s benchmark EGX30 Index rose for the first time this week, gaining 0.8 percent to 4,707.99 at the 2:30 p.m. close in Cairo. That trimmed the measure’s decline this week to 0.6 percent.

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

Cairo Poultry (POUL EY) slumped 3 percent to 8.03 Egyptian pounds, the lowest level since July 2009. The chicken producer said its first-quarter profit fell to 29 million pounds ($4.8 million) from 47.8 million pounds in the previous three months. The company didn’t provide a comparative figure for the year-earlier period.

El Ezz Aldekhela Steel (IRAX EY) rose 3.5 percent, the most in more than two months, to 517.88 pounds. The company majority owned by Ezz Steel, Egypt’s biggest manufacturer of the metal, said it will pay a 40-pound dividend per share on May 6.

Pioneers Holding (PIOH EY) gained 2.4 percent, the most since April 11, to 3.43 pounds. The Cairo-based investment bank said 2011 profit surged more than fivefold from a year earlier to 114.7 million 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.