Alexandria Real Estate says H1 profit up 220 pct

(Reuters) - Egypt's Alexandria Real Estate Investment's net profit in the first half of 2007 is up 220 percent at 105.4 million Egyptian pounds, a company spokesman said on Tuesday.

However, trading in the shares on the Cairo and Alexandria Stock Exchange (CASE) was suspended on Tuesday until the company responds to CASE inquiries on the results, the bourse said in a statement.


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Egyptian shares rise despite cautious sentiment

(Reuters) - Egyptian shares continued a week-long rally as the CASE30 index recorded a new year closing high for a third consecutive day on Thursday, despite cautious investor sentiment, according to analysts.

Market performance during the day was relatively volatile as it headed down early in the session before reversing the trend before the market's close.


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Egypt shares rise, OT gains over cash influx news

(Reuters) - Egyptian shares rose on Tuesday as the well-watched CASE30 index hit a closing year high led by gains in Orascom Telecom (OT) after it said it would receive a $793 million cash influx, traders said.

OT shares rose 3.8 percent to 77.75 Egyptian pounds after the firm said on Monday it had received the cash from Hutchison Telecom following Hutchison's sale of its Indian subsidiary Hutchison Eassar in May.


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