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: Orascom Telecom Holding and El Sewedy Electric

April 24 (Bloomberg) -- Egypt’s benchmark EGX30 Index fell for the first time in four days, retreating 0.8 percent to 4,908.36 at the 2:30 p.m. close in Cairo. The market will close tomorrow for a public holiday.

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

El Sewedy Electric Co. (SWDY EY) climbed 3.7 percent, the most in almost two months, to 21.79 Egyptian pounds. Egypt’s biggest manufacturer of electric cables said it was among a group of companies that was awarded a contract in Libya as part of rebuilding the country’s electricity grid.

Orascom Telecom Holding SAE (ORTE EY) declined 4.4 percent, the most since April 8, to 3.48 pounds. North Africa’s biggest mobile phone company said the board won’t recommend a dividend because of its Algeria operations. The stock rose 14 percent in the two weeks through yesterday.

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.