Bloomberg News

Egyptian Stocks: Egyptian Kuwaiti, National Co. for Maize

February 12, 2012

Feb. 12 (Bloomberg) -- Egypt’s benchmark EGX30 Index climbed 2.9 percent to 4,892.93, the highest level in more than six months, at the 2:30 p.m. close in Cairo,

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

Egyptian Kuwaiti Holding Co. (EKHO EY) gained 1.8 percent to $1.14, the highest level in five months. The Cairo-based private equity company said 2011 profit advanced 3 percent to $149.7 million and recommended a 20 percent cash dividend.

National Co. for Maize Products (NCMP EY), a producer of sweeteners from corn, rose 2.3 percent to 14.5 Egyptian pounds, the highest level in seven weeks. Corn futures for March delivery fell 0.8 percent to close at $6.3175 a bushel on the Chicago Board of Trade Feb. 10, extending its decline last week to 2 percent.

--Editors: Shaji Mathew, Jonas Bergman

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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