Prime Asset Management Completes Quarterly Review of the 324 Stocks Traded on the Egyptian Stock Exchange

Cairo, April 28, 2010 AEST (ABN Newswire) - Prime Asset Management has completed its quarterly review of the 324 stocks traded on the Egyptian Stock Exchange for 2nd quarter of 2010.

Since inception Prime Investment Research division has published over 2000 reports locally and regionally covering a wide range of sectors, i.e. banking & finance, telecommunications, oil & gas, real estate, construction, textiles, pharmaceuticals and agricultural, etc. This is in addition to the fact that Prime Investment Research has built a regional database that is recognized worldwide and utilized by companies such as Reuters, IFC, Telerate as well as the Thomson Financial website.


Prime Medium & Small Index (PMSI) investment criteria have been applied as follows:
- Max. market capitalization of LE 750 million (average 12 months)
- Min. free float of 15%
- Min. trading days of 3 per week
- Min. average daily trading value of LE 100,000

Stocks to be Included
- None

Stocks to be Excluded
- Remco for Touristic Villages Construction (CAI:RTVC)
- Industrial and Engineering Enterprise Company (CAI:IEEC)
- Nile Match and Prefabricated Houses (CAI:NMPH)

Stocks to be reviewed for Inclusion in Q3 2010
- AJWA for Food Industries Company (CAI:AJWA)

Stocks to be reviewed for Exclusion in Q3 2010
- Middle & West Delta Flour Mills (CAI:WCDF)

The list of PMSI companies after review
- Al Ahly for Development and Investment (CAI:AFDI)
- Alexandria Mills (CAI:AFMC)
- Arab Polvara Spinning and Weaving Company (CAI:APSW)
- Acrow Misr (CAI:ACRO)
- Cairo Housing (CAI:ELKA)
- Central Egypt Mills (CAI:CEFM)
- Cairo Pharmaceuticals (CAI:CPCI)
- Development & Engineering Consultancy (CAI:DAPH)
- Delta Insurance Company (CAI:DEIN)
- East Delta Mills (CAI:EDFM)
- Egyptian Electric Cables (CAI:ELEC)
- El Shams Housing (CAI:ELSH)
- Extracted Oil (CAI:ZEOT)
- Ezz Ceramic and Porcelain (CAI:ECAP)
- Egyptians Abroad for Investments & Development (CAI:ABRD)
- Egyptian Transport (CAI:ETRS)
- Egypt Fertilizers (CAI:SMFR)
- Egypt Poultry (CAI:EPCO)
- General Silos and Storage (CAI:GSSC)
- Giza General Contracting and Real Estate Investment (CAI:GGCC)
- International Agricultural Products (CAI:IFAP)
- Lecico Egypt (CAI:LCSW)
- Mena Touristic and Real Estate Investments (CAI:MENA)
- Middle & West Delta Flour Mills (CAI:WCDF)
- Misr Chemical Industries Company (CAI:MICH)
- Natural Gas Project (CAI:EGAS)
- North Cairo Mills (CAI:MILS)
- Pyramisa Hotels and Touristic Villages (CAI:PHTV)
- Paints & Chemicals Industries (PACHIN) (CAI:PACH)
- Raya Holding (CAI:RAYA)
- Rowad Tourism (CAI:ROTO)
- South Cairo & Giza Mills (CAI:SCFM)
- United Housing & Development (CAI:UNIT)
- Upper Egypt Mills (CAI:UEFM)
- United Arab for Unloading & Shipping (CAI:UASG)
- Upper Egypt Contracting (CAI:UEGC)

Contact

PRIME INVESTMENTS 2, Wadi El Nil St. Liberty Tower, 8th Floor Mohandisseen, Giza, Egypt Tel: (202) 33005700/ 33005770 Fax: (202) 33054611