Bloomberg News

Egyptian Stocks: Egyptian Resorts, Maridive & Oil Services

May 16, 2012

Egypt’s benchmark EGX30 Index (EGX30) fell for a third day, losing 1 percent to 4,955.31, the lowest level in almost two weeks, at the 2:30 p.m. close in Cairo.

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

Egyptian Resorts Co. (EGTS) retreated 0.9 percent to 1.1 Egyptian pounds, the lowest close since May 7. The Red Sea resorts developer posted a first-quarter loss of 5.51 million pounds ($910,000) after a profit of 1.26 million pounds a year earlier.

Maridive & Oil Services SAE (MOIL) declined 3.3 percent, the most in more than two months, to $1.19. The Cairo-based offshore services provider recorded a first-quarter loss of $947,036 after a profit of $18.9 million 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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