Bloomberg News

Egyptian Stocks: Talaat Moustafa Group, National Co. for Maize

April 03, 2012

Egypt’s benchmark EGX30 Index (EGX30) fell 1 percent to 4,907.36, the lowest level since Feb. 12, at the 2:30 p.m. close in Cairo.

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

National Co. for Maize Products (NCMP EY), which uses imported corn to make sweeteners, retreated 1.8 percent to 13.73 Egyptian pounds, the lowest level in almost two months. Corn futures for May delivery advanced for a third day, climbing 0.3 percent to $6.5725 a bushel.

Talaat Moustafa Group Holding (TMGH) declined as much as 2.5 percent to 3.85 pounds before closing at 3.92 pounds, the lowest level in almost two months. Egypt’s biggest publicly traded real-estate developer said its shareholders approved postponing the 2011 dividend payment to next year.

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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