Bloomberg News

Egyptian Stocks: Arab Polvara and Egyptian Gulf Bank Are Active

July 15, 2012

Egypt’s benchmark EGX 30 Index (EGX30) fell for the first time in four days, slumping 2 percent to 4,719.01 at the 2:30 p.m. close in Cairo.

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

Arab Polvara Spinning & Weaving Co. (APSW) retreated for the first time in four days, losing 3.5 percent to 1.92 Egyptian pounds. The textiles manufacturer had a loss of 38.7 million pounds ($6.4 million) in the six months through June compared with a 24.8 million-pound loss a year earlier.

Egyptian Gulf Bank (EGBE) increased 0.7 percent to $1.51. Shareholders of the Cairo-based lender approved a bonus distribution of 3.75 shares for every 100 held.

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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