Bloomberg News

Egyptian Stocks: EFG-Hermes Holding and Orascom Telecom Media

July 04, 2012

Egypt’s benchmark EGX 30 Index (EGX30) retreated for the first time in eight days, declining 0.6 percent to 4,955.68 at 11:43 a.m. in Cairo.

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

EFG-Hermes Holding SAE (HRHO) gained 3.1 percent to 11.27 Egyptian pounds, set for the highest close since May 17. HSBC Holdings Plc (HSBA)’s Middle East unit bought more than 5 percent of the biggest publicly traded Arab investment bank from Dubai Financial Group LLC.

Orascom Telecom Media & Technology Holding SAE (OTMT EY) jumped as much as 9.8 percent, the most in more than a week, to 1.68 pounds before trading at 1.54 pounds. The Cairo-based company’s unit Telecel Zimbabwe Ltd. appointed Francis Mawindi as chief executive officer, replacing John Swain.

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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