Bloomberg News

Egyptian Stocks: Beltone Financial, Orascom Telecom Media

February 02, 2012

Feb. 2 (Bloomberg) -- Egypt’s benchmark EGX 30 Index declined 2.2 percent, the most since Dec. 22, to 4,584.39 at the 2:30 p.m. close in Cairo, trimming this week’s gain to 3.4 percent.

The following were among active stocks on the Egyptian Exchange today. Stock symbols follow company names.

Beltone Financial Holding (BTFH EY) dropped 9.2 percent to 12.42 Egyptian pounds, the lowest since Dec. 26. Chief Executive Officer Aladdin Saba canceled the sale of his 20 percent stake in the investment bank to Arabia Investments & Development & Financial Investments Holding Co.

Orascom Telecom Media & Technology Holding SAE (OTMT EY) advanced for an eighth day, gaining 1.8 percent to 1.14 pounds. The mobile-phone company headed by billionaire Naguib Sawiris said its subscribers in North Korea exceeded one million.

--Editors: Shanthy Nambiar, Claudia Maedler

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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