Egyptian Stocks: Citadel Capital, Egyptian Resorts Are Active
Egypt’s benchmark EGX 30 Index (EGX30) advanced for the sixth time in seven days, rising 0.8 percent to 4,249.94 at 12:12 p.m. in Cairo, poised for the highest close since Sept. 26.
The following shares rose or fell. Symbols are in parentheses.
Citadel Capital SAE (CCAP EY) gained 3 percent to 3.40 Egyptian pounds, the highest intraday level since Oct. 4. The private equity firm said shareholders, including international investors, subscribed to 210 million new shares at a par value of 5 pounds each, meeting the company’s target.
Egyptian Resorts Co. (EGTS) rose for the second time this week, gaining 2 percent to 1.01 pounds. The resorts developer signed an agreement to have Nikki Beach Hotels and Resorts manage a 100-room hotel in Sahl Hasheeh near Hurghada, Egypt.
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