Egyptian Stocks: GB Auto and Maridive & Oil Services

Egypt’s benchmark EGX30 Index (EGX30) rose for the fourth time in five days, advancing 0.7 percent to 5,344.32 at the 2:30 p.m. close in Cairo.

The following shares were active on the Egyptian Exchange. Stock symbols follow company names.

GB Auto (AUTO) gained 1.9 percent to 25.03 Egyptian pounds, the highest level in more than five months. Egypt’s biggest car assembler said fourth-quarter profit rose 8 percent from a year earlier to 43.4 million pounds ($7.2 million).

Maridive & Oil Services SAE (MOIL) fell 1.6 percent, the most in almost two weeks, to $1.85. The Cairo-based marine and oil support-services provider said 2011 profit dropped to $28.7 million from $48.5 million a year earlier.

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

Press spacebar to pause and continue. Press esc to stop.

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.