Egyptian Stocks: Arabia Investments and National Co. for Maize
Egypt’s benchmark EGX 30 Index lost the most since Dec. 28, declining 0.9 percent to 3,868.44 at the 2:30 p.m. close in Cairo. The drop pared the gauge’s advance this week to 2.4 percent.
The following were among the most-active equities on the Egyptian Exchange today. Stock symbols follow company names.
Arabia Investments & Development & Financial Investments Holding Co. (AIND EY) fell for the first time in three days, dropping 1.8 percent to 55 piasters. The Cairo-based firm is in the final stage of acquiring 100 percent of Delta Financial Investment.
National Co. for Maize Products (NCMP EY) a Cairo-based company that uses corn to produce sweeteners, retreated 2.7 percent to 13.07 Egyptian pounds, the lowest level in more than four years. Corn rose from a four-week low in Chicago on speculation rains forecast in Argentina, the world’s second- biggest exporter, may fail to reverse crop damage.
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
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.