Egyptian Stocks: Abu Kir Fertilizers, Maridive & Oil Services

Egypt’s benchmark EGX 30 Index rose for a second day, advancing 0.5 percent to 4,957.68 at the 2:30 p.m. close in Cairo, the highest level since May 4.

The following stocks rose or fell in Cairo. Symbols are in parenthesis.

Abu Kir Fertilizers & Chemical Industries Co. (ABUK EY) surges the most since May 3, gaining 1.5 percent to 203.36 Egyptian pounds. The manufacturer of chemicals, urea and ammonium nitrate fertilizers said nine-month profit rose to 990.6 million Egyptian pounds ($167 million) from 878.7 million pounds a year earlier.

Maridive & Oil Services (MOIL EY) climbed the most since April 19, advancing 2.7 percent to $3.49. The energy services company said it plans to pay a cash dividend of 6 cents per share.

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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