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Egyptian Stocks: Commercial International, Alexandria Mineral

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Oct. 23 (Bloomberg) -- Egypt’s benchmark EGX 30 Index advanced 0.8 percent to 4,300.08 at the 2:30 p.m. close in Cairo, the highest level in almost a month.

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

Alexandria Mineral Oils Co. (AMOC EY) gained 2.2 percent to 66.88 Egyptian pounds, the highest level in two months. The Egyptian petroleum-products producer, also known as Amoc, said first-quarter profit increased 87 percent to 385.3 million pounds ($64 million) from a year-earlier.

Commercial International Bank Egypt SAE (COMI EY) increased 2.4 percent to 25.04 pounds, the highest level since Sept. 19. Egypt’s biggest publicly traded lender and the local unit of London-based HSBC Holdings Plc agreed on a six-year loan of 2.1 billion pounds to Emaar Egypt, Al Mal newspaper reported, citing unidentified people.

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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