Bloomberg News

Egyptian Stocks: Amer Group Holding, Kabo and Suez Canal Bank

May 14, 2012

Egypt’s benchmark EGX30 Index (EGX30) retreated for the third time in four days, losing 0.4 percent to 5,061.68 at the 2:30 p.m. close in Cairo.

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

Amer Group Holding (AMER) declined for the first time in five days, falling 1.4 percent to 70 piasters. The Cairo-based developer and operator of resorts and restaurants said its first-quarter profit declined 54 percent to 61.7 million Egyptian pounds ($10 million) compared with a year earlier.

El Nasr Clothes & Textiles (KABO) decreased 1.5 percent, the most in almost a week, to 64 piasters. The Alexandria, Egypt-based clothing manufacturer also known as Kabo said nine- month loss widened to 20 million pounds from 9.5 million pounds a year earlier.

Suez Canal Bank (CANA) slumped 1.2 percent, the most in a week, to 4.14 pounds. The Cairo-based lender said it had no profit or loss in the first quarter compared with a 20.7 million-pound net income a year earlier.

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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