Bloomberg News

Egyptian Stocks: Talaat Moustafa and Orascom Telecom Media

July 08, 2012

Egypt’s benchmark EGX 30 Index (EGX30), fell to the lowest level this month, slipping 1 percent to 4,902.07 at the 2:30 p.m. close in Cairo.

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

Orascom Telecom Media & Technology Holding SAE (OTMT) increased 2 percent to 1.56 Egyptian pounds, the highest close in more than four months. Shareholders as of July 16 will qualify for a dividend of 1.05 pounds a share.

Talaat Moustafa Group Holding SAE (TMGH) plunged 7 percent, the most in almost three weeks, to 4.4 pounds. A panel of judges recommended the annulment of a revised contract that allowed the government to sell a plot of land to Egypt’s biggest publicly traded real estate developer.

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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