Bloomberg News

Egyptian Stocks: Lecico Egypt, Paints & Chemical Industries

March 15, 2012

Egypt’s benchmark EGX30 Index (EGX30) climbed 1.6 percent, the most since March 6, to 5,169.43 at the 2:30 p.m. close in Cairo. That pared the measure’s weekly loss to 4.2 percent.

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

Lecico Egypt SAE (LCSW) gained the most since Feb. 23, rising 2.2 percent to 6.15 Egyptian pounds. The producer of sanitary ware and tiles had its share-price estimate raised 3 percent to 8.55 pounds at Cairo-based investment bank EFG-Hermes Holding SAE.

Paints & Chemical Industries Co. SAE (PACH) advanced 1.5 percent, the biggest gain since Jan. 31, to 32.6 pounds. Egypt’s biggest publicly trader paints producer signed a contract with a distributer that will allow the company to export its products to Nigeria, Ethiopia, Zambia and Algeria.

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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