Egyptian Stocks: Arab Cotton Ginning and Eastern Co.

Egypt’s benchmark EGX 30 Index (EGX30) advanced 2.6 percent, the most in more than two months, to 4,452.81 at the 2:30 p.m. close in Cairo.

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

Arab Cotton Ginning (ACGC) gained 1.3 percent to 3.16 Egyptian pounds, the highest level in more than a month. Today is the last day for shareholders to be eligible to receive the company’s 20-piaster dividend to be paid Nov. 2.

Eastern Co. (EAST) advanced 1 percent to 98 pounds, the highest level in more than six weeks. Egypt’s monopoly cigarette producer will pay shareholders as of today a 6-pound dividend on Nov. 2.

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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