NSGB of Egypt Jumps Most in 3-Weeks as Profit Beats Estimates

National Societe Generale Bank, Egypt’s second-biggest publicly traded lender by assets, gained the most in three weeks after second-quarter profit exceeded analyst estimates.

The shares of the Cairo-based lender advanced 1.3 percent, the most since July 13, to 31.41 Egyptian pounds at the 1:30 p.m. close in Cairo. That gave the bank a market value of 11.5 billion pounds ($1.9 billion). The benchmark EGX 30 Index (EGX30) rose 1.7 percent.

Profit for the period increased 14 percent to 369.2 million pounds from a year-earlier, the bank reported yesterday after market close. The median of seven analyst estimates compiled by Bloomberg was 339 million pounds.