Bloomberg News

Egypt Stocks: Egypt Aluminium and Talaat Moustafa Group

September 29, 2011

Sept. 29 (Bloomberg) -- Egypt’s benchmark EGX 30 Index rose for a second day this week, gaining 1 percent to 4,137.35 at the 2:30 p.m. close in Cairo. The measure tumbled 23 percent in the third quarter.

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

Egypt Aluminium (EGAL EY) gained the most in more than a week, rising 2.9 percent to 28.45 Egyptian pounds. The country’s biggest publicly traded manufacturer of aluminum will distribute a 3 pound dividend.

Talaat Moustafa Group Holding (TMGH EY) rallied the most since Aug. 10, gaining 3.9 percent to 3.69 pounds. Al Mal newspaper reported Egypt’s biggest publicly traded real estate developer plans to invest 18 billion pounds ($3 billion) in two projects.

--With assistance from Mahmoud Kassem in Cairo. Editors: Claudia Maedler, Shanthy Nambiar

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


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