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Egyptian Stocks: Orascom Construction, Telecom Egypt and Sodic

Egypt’s benchmark EGX 30 Index (EGX30) gained for a fourth day, increasing 1.5 percent to 4,214.22 at the 2:30 p.m. close in Cairo, the highest this month.

The following shares rose or fell. Symbols are in parentheses.

Arab Polvara Spinning & Weaving Co. (APSW) climbed 3.4 percent, the most in almost two months, to 1.84 Egyptian pounds. The Egyptian textiles manufacturer said its factories resumed operations Oct. 15 after workers ended a five-day strike.

Orascom Construction Industries (OCIC) advanced 2.3 percent to 226.48 pounds, the highest in almost three weeks. Egypt’s biggest publicly traded builder said one of its units won a shopping-mall construction contract valued at 416 million euros ($577 million) in Abu Dhabi.

Six of October Development & Investment (OCDI) Co jumped 6.9 percent, the most in more than three months, to 14.02 pounds. The Cairo-based luxury real-estate developer said its sales reached 570 million Egyptian pounds ($95.5 million) in the first nine months of the year.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

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

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