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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.