Bloomberg News

Egyptian Stocks: Orascom Telecom Media and Alexandria Containers

June 24, 2012

Egypt’s benchmark EGX30 Index (EGX30) rose 2.8 percent, the most in two months, to 4,142.57 at 1:04 p.m. in Cairo. That trimmed the measures decline this quarter to 16 percent.

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

Alexandria Containers & Goods (ALCN) climbed 3.3 percent, the biggest intraday gain since May 6, to 66.5 Egyptian pounds. The company that handles containers at ports said profit for the 11 months that ended May 31 increased 14 percent to 261.9 million pounds ($43 million).

Orascom Telecom Media & Technology Holding SAE (OTMT) increased 5.4 percent to 1.37 pounds, headed for the highest close in a month. Shareholders of the Cairo-based company, controlled by billionaire Naguib Sawiris, will meet June 28 to vote on a dividend distribution of 1.05 pounds a share.

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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