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CORRECT: Orascom Media Gains Most in a Month After Dividend

April 2 (Bloomberg) -- (Corrects currency in first bullet). Shrs +8.3%, most since March 3, to 49 piasters at the 2:30pm close in Cairo; traded volume of about 74m shrs is more than twice 3-month daily avg. * Shrs trade ex-dvd of 25.8 piasters * “The dividend distribution shows the company isn’t looking for investments currently and is likely to have more large payouts in the future”: Tamer Nigm, head of sales trading at Cairo-based Watheeqa Securities

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

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