Cairo – Mubasher: Talaat Moustafa Group Holding (TMG Holding) and Egyptian Financial Group Hermes Holding (EFG Hermes) stocks declined in the first half of Wednesday’s trading session after announcing their financial statements for the first quarter of fiscal 2016.
TMG Holding stock fell 2.21% to EGP 6.20 after exchanging 735,100 at EGP 4.6 million.
The real estate company’s profits grew by 11.5% in Q1-16.
Meanwhile, EFG Hermes stock dropped 1.6% to EGP 9.85 after trading 676,500 shares at EGP 6.7 million.
The company posted today EGP63.66 million ($7.2 million) consolidated losses in the first quarter of 2016.
