Bloomberg News

Mobinil and OTMT Shares Suspended After Rising by Daily Limit

February 13, 2012

Feb. 13 (Bloomberg) -- Egyptian Co. for Mobile Services, also known as Mobinil, and its parent company Orascom Telecom Media & Technology Holding SAE, were suspended from trading for 30 minutes after surging by the daily limit as trading resumed in Cairo.

Mobinil shares jumped 10 percent to 137.89 Egyptian pounds and Orascom Telecom Media climbed 9.9 percent at 11:23 a.m. in Cairo.

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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