Citadel Capital and National Societe: Egyptian Equity Preview

The following companies may be active in Egypt’s stock market. Symbols are in parentheses and prices are from last close.

The benchmark EGX 30 Index lost 0.9 percent to 4,923.29 in Cairo. The measure has retreated 2 percent this week.

Citadel Capital Holding SAE (CCAP EY): Shareholders of the Egyptian private equity firm approved a 1.05 billion Egyptian pound ($176 million) rights offer. The company will use the funds to finance expansion and current investments. The shares declined 1.7 percent to 4.67 pounds.

National Societe Generale Bank (NSGB EY): The second- biggest publicly traded bank by assets in Egypt said second- quarter profit increased 14 percent to 369.2 pounds. The shares dropped 1.3 percent to 31 pounds.