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

Egypt Stocks: EFG-Hermes Holding and Palm Hills Are Active

April 26 (Bloomberg) -- Egypt’s benchmark EGX 30 Index gained 0.5 percent to 4,934.92 at the 2:30 p.m. close in Cairo, bringing its advance this week to 4.8 percent.

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

EFG-Hermes Holding SAE (HRHO EY) surged the most since November, jumping 9 percent to 14.01 Egyptian pounds. The bank said QInvest LLC, a unit of Qatar Islamic Bank, may hold a majority stake in an investment bank the two companies are planning.

Palm Hills Developments SAE (PHDC EY), a luxury real-estate developer, gained to the highest in more than a month, rising 5.1 percent to 1.86 pounds. Egypt has lifted an asset freeze order on Palm Hills shareholder Yasseen Mansour.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@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.