EFG-Hermes depressed small-cap Egyptian shares on Sunday leading the whole market down after posting a 2003 net loss of 96.3 million Egyptian pounds ($15.51 million), traders said.
The company had posted a 2002 net profit of 14.9 million pounds and the 2003 loss was due to three major one-off charges, the firm said in a statement viewed by Reuters on Saturday.
The benchmark Hermes index slipped 138.87 points, or one percent, to end at 14,310.64 points, near what traders have called a support level of 14,250-14,300.
The broader CIBC index slipped 1.11 points, or 1.2 percent, to end at 90.97 points.
EFG-Hermes, the day's most traded stock by volume, last traded down 0.38 pounds, or 4.9 percent, at 7.35 pounds. The stock officially closed at 7.36 pounds.
Media Production City fell on market rumours the company was delaying its listing on the Dubai stock market.
A company official told Reuters Dubai's capital markets authority would decide by the end of June when the stock would list. He did not say when he expected the listing to be completed.
Last month, the firm said it expected to list in Dubai around the middle of June.
Media Production City last traded down 0.68 pounds, or 3.7 percent, at 17.91 pounds and officially closed at 18.09 pounds.
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