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 in London Mixed After Parliament Dissolved

Don't Miss Out —
Follow us on:

June 15 (Bloomberg) -- Egyptian stocks listed in London were mixed after Egypt’s highest court ordered parliament dissolved and cleared the way for Ahmed Shafik, ousted President Hosni Mubarak’s last premier, to run for the presidency in tomorrow’s election.

Global depositary receipts of Commercial International Bank Egypt SAE gained 3.3 percent to $4.08. Orascom Telecom Holding SAE fell 1.3 percent to $2.34. Orascom Construction Industries gained 0.7 percent to $39.53.

Egypt’s dollar bond due in 2020 rose, with the yield falling two basis points to 7.0 percent.

The twin rulings issued yesterday by the constitutional court strained the country’s transition and unraveled gains by the Muslim Brotherhood, whose political arm held the largest bloc of seats in parliament’s lower house.

-- Editors: Chris Peterson, Thomas Mulier

To contact the reporters on this story: Jason Webb in London at jwebb25@bloomberg.net.

To contact the editor responsible for this story: Gavin Serkin at gserkin@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.