Bloomberg News

Egyptian Stocks: Amer Group Holding, Maridive & Oil Services

May 21, 2012

Egypt’s benchmark EGX30 Index (EGX30) gained 1.8 percent, the most since April 23, to 4,878.37 at the 2:30 p.m. close in Cairo.

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

Amer Group Holding (AMER) , a Cairo-based developer and operator of resorts and restaurants, increased 3.1 percent, the most in almost a month, to 67 piasters. Egypt’s economy grew 5.2 percent in the third quarter of the current fiscal year, Planning and International Cooperation Minister Fayza Aboulnaga said today. The number of tourists for the period that ended in March climbed 32 percent from a year earlier to 2.5 million, the tourism ministry said in April.

Maridive & Oil Services SAE (MOIL) , an off-shore services provider, rose for the first time in six days, gaining 3.7 percent to $1.11. Oil for June delivery climbed for the first time in seven days in New York, gaining as much as 72 cents to $92.2 a barrel.

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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