Orascom Telecom shares suspended -Egyptian bourse

September 30, 2014

CAIRO (Reuters) – Egypt’s stock market said it had halted the trading of shares in Orascom Telecom Media and Technology Holding on Tuesday pending receipt of a statement from the company.

Trading was suspended from the start of trade on Tuesday “in order to respond to inquiries”, the stock market said in a statement. It provided no further details.

The shares closed on Monday at 1.14 Egyptian pounds, up 1.8 percent. The company last month reported a 22.7 percent fall in second-quarter profit to 351.68 million Egyptian pounds.

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