Egyptian Stocks: EFG-Hermes Holding and the South Valley Cement

Egypt EGX 30 index benchmark (EGX30) rose by 1.8 percent, more than a week, to 4,794.45 at 14.30 clock in the vicinity of Cairo. The following actions have been active in the Egyptian stock exchange. Ticker symbols follow company names. EFG-Hermes Holding SAE (HRHO) rose for a second day, up 1.1 percent to 10.98 Egyptian pounds. The Bank of New York Mellon Corp. in the second quarter, their share of the largest Arab investment bank listed on 8.2 percent from 7.9 percent. South Valley Cement (Svce) rose by 2.1 percent to 3.39 pounds. The shares rose for the second day after the producer, based in Cairo, said the building material that it intends to complete a 24.3 million share repurchase program and has asked its CEO to determine a new award. The Company purchased 168,000 shares at about 3.5 pounds each, he said yesterday.