Bloomberg News

Egyptian Stocks: Six of October Development, Arabia Investments

October 11, 2011

Oct. 11 (Bloomberg) -- Egypt’s benchmark EGX 30 Index 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 EY) 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 Co. (OCDI EY) 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.

--Editors: Peter Branton, Chris Peterson

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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