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Egyptian Stocks: Orascom Construction, National Development Bank

Egypt’s benchmark EGX30 Index fell for the first time in four days, losing 1.2 percent to 5,307.97 at the 2:30 p.m. close in Cairo. That’s the biggest decline in almost two weeks.

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

National Development Bank (DEVE EY) dropped 2.3 percent, the most in almost two weeks, to 4.23 Egyptian pounds. The Cairo-based unit of Abu Dhabi Islamic Bank said its 2011 loss widened to 590.6 million pounds ($98 million) from 501.2 million pounds a year earlier.

Orascom Construction Industries (OCIC EY) fell 2.6 percent, the most in almost three weeks, to 269.07 pounds. Egypt’s biggest publicly traded developer lost a bid to build two university hospitals and a blood bank in Alexandria, Egypt, according to a finance ministry statement.

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