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Egyptian Stocks: Arabia Investments and National Co. for Maize

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Jan. 19 (Bloomberg) -- 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