Egyptian Stocks: Six of October Development, Arabia Investments
Egypt’s benchmark EGX 30 Index (EGX30) rose 2 percent, the most in almost two months, to 4,017.74 at the 2:30 p.m. close in Cairo.
The following shares rose or fell. Symbols are in parentheses.
Arabia Investments & Development & Financial Investments Holding Co. (AIND) increased 3.2 percent to 65 piasters, the highest level in a month. The Cairo-based company said one of its subsidiaries bought a limousine operator.
Six of October Development & Investment (OCDI) Co advanced 1.1 percent to 13.14 Egyptian pounds, the highest level in more than a week. The Egyptian luxury real-estate developer also known as Sodic said a government agency has allowed it six months to obtain building permits for the undeveloped portion of its land in west Cairo.
To contact the reporter on this story: Ahmed A Namatalla in Cairo at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com