Bloomberg News

Egyptian Stocks: EFG-Hermes Holding and Talaat Moustafa Group

February 07, 2012

Feb. 7 (Bloomberg) -- Egypt’s benchmark EGX30 Index gained for the first time in three days, increasing 1 percent to 4,583.89 at the 2:30 p.m. close in Cairo.

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

EFG-Hermes Holding SAE (HRHO EY) rose for the first time in three days, advancing as much as 2.2 percent to 11.25 Egyptian pounds before closing at 11.02 pounds. No charges have been filed against Yasser El Mallawany, one of Egypt’s biggest publicly traded investment bank’s two chief executive officers, who was banned from leaving the country.

Talaat Moustafa Group Holding (TMGH EY) retreated 2.3 percent, the most in more than two weeks, to 3.89 pounds. Hisham Talaat Moustafa, former chairman of Egypt’s biggest publicly traded property developer, had a 15-year sentence affirmed by a Cairo appeals court for his role in the murder of Lebanese pop singer Suzanne Tamim, Middle East News Agency reported yesterday.

-- Editor: Tim Farrand

To contact the reporter on this story: Ahmed A Namatalla in Cairo at

To contact the editor responsible for this story: Claudia Maedler at

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