Egypt Stocks: Arabia Investments, Medinet Nasr for Housing
The following shares rose or fell. Symbols are in parentheses.
Arabia Investments & Development & Financial Investments Holding Co. (AIND EY) rose 1.8 percent to 0.56 piasters, the highest since Dec. 11. The Egyptian investment firm said it agreed yesterday to buy a stake of about 20 percent in Beltone Financial Holding (BTFH) . Beltone shares climbed for the first time in four days, gaining 0.4 percent to 14.05 Egyptian pounds.
Medinet Nasr for Housing (MNHD EY) advanced to the highest in almost a month, gaining 2 percent to 11.53 Egyptian pounds. The developer of middle- and low-income homes said sales contracts increased in 2011 even as the country was roiled by political turmoil.
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