Stock Quotes in this Article: EGPT

SAN FRANCISCO (Stockerblog) -- It is hard to miss the news about the anti-government protests in Egypt. For me, the big question is if there a contrarian turnaround play here.

The Market Vectors Egypt Index ETF (EGPT) is down over 20% during the last 12 months. Investing in this ETF is probably the simplest way to invest in Egyptian companies. The stocks in its portfolio contain many of the following.

Commercial International Bank (CIBEY: Pink Sheets) is a bank holding company in Egypt with over 70 branches. The stock trades at 14.2 times earnings and six times sales. Earnings for the quarter ending Sept. 30 were up 52% on a 38% increase in revenues.


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    EFG Hermes (EFGZF: Pink Sheets) is in the business of investment banking, private equity, asset management and investment brokerage, and manages two funds, the Jordan Hi-Tech Venture Fund Limited, which invests in the information technology sector in Jordan, and the Middle East Technology Fund. This $1.9 billion market cap fund trades at 5.2 times sales.

    Orascom Construction (ORSDF: Pink Sheets) is in the business of manufacturing and marketing building materials, as well as construction contracting, operating in 20 countries. The stock has a price-to-earnings ratio of 18 and a price sales ratio of 1.7. Earnings for the latest quarter were up over 22%.

    Orascom Telecom (ORSTF: Pink Sheets) is an international mobile communications operating in Algeria, Pakistan, Egypt, Tunisia, Iraq, Bangladesh and Zimbabwe. The stock has a PE ratio of 3.9 and a PS ratio of 0.77.

    If you like international stocks, you should check out the free downloadable stock lists at, which includes such countries as France, Brazil, Canada, Japan, India, Russia, and the United Kingdom.

    At the time of publication, author had no positions in stocks mentioned.

    Fred Fuld III, the publisher of stock and bond investing blog Stockerblog and founder of WallStreetNewsNetwork, has been in the financial services industry for over 20 years, working as an investment advisor, options market maker at the Pacific Stock Exchange, vice president of a San Francisco money management firm, university faculty member and wholesaler for the New Alternatives Fund (the first environmentally conscious mutual fund). He is the author of the books Investing in Brazil Stocks and The Green Light on Green Stocks.