Bloomberg News

Egyptian Stocks: Citadel Capital and Amer Group Were Active

May 22, 2012

Egypt’s benchmark EGX30 Index (EGX30) fell for the sixth time in seven days, losing 0.3 percent to 4,864.18 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) declined for the third time in four days, losing 1.5 percent to 66 piasters. Egypt’s market regulator approved the proposal of the Cairo-based resorts developer to call for a shareholder meeting to reduce its capital.

Citadel Capital SAE (CCAP) gained as much as 1.7 percent to 3.04 pounds before closing at 3 pounds, the highest level in almost a week. The Cairo-based private equity firm appointed a new board of directors with Chairman Ahmed Heikal retaining his position. The company completed a 1.05 billion-pound ($174 million) capital increase in October.

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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