Bloomberg News

Egypt Stocks: Arab Cotton and Pioneers Holding Were Active

May 20, 2012

Egypt’s benchmark EGX30 Index (EGX30) fell for a fifth day, losing 2 percent to 4,791.91 at the close in Cairo.

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

Arab Cotton Ginning (ACGC) declined 2 percent to 2.51 Egyptians pounds, the lowest close since Feb. 6. Shareholders at the Cairo-based company agreed on a 30 million Egyptian-pound capital decrease.

Pioneers Holding (PIOH) closed at the lowest in almost a month, dropping 3.1 percent to 3.76 pounds. The Cairo-based financial services firm said its board will recommend to shareholders not to distribute a dividend for 2011.

To contact the reporter on this story: Zahra Hankir in Dubai at

To contact the editor responsible for this story: Claudia Maedler at

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