Bloomberg News

Egyptian Stocks: EFG-Hermes and Delta Sugar Are Active

February 27, 2012

Egypt’s benchmark EGX30 Index (EGX30) retreated for the first time in three days, losing 0.9 percent to 5,220.75 at 1:25 p.m. in Cairo.

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

Delta Sugar (SUGR) gained as much as 1.1 percent to 18.03 Egyptian pounds before trading at 17.98 pounds, headed for the highest close in two weeks. Egypt’s biggest publicly traded sugar refiner said 2011 profit rose 11 percent to 391.8 million pounds ($65 million) from a year earlier.

EFG-Hermes Holding SAE (HRHO) increased as much as 3.8 percent to 14.68 pounds, the highest intraday level in more than six months. The biggest publicly traded Arab investment bank said it has started offering an equity-swap product linked to Iraqi securities.

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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