Bloomberg News

Egyptian Stocks: Orascom Construction and Citadel Capital

March 27, 2012

Egypt’s benchmark EGX30 Index (EGX30) climbed 1.6 percent, the most in three weeks, to 4,985.32 at the 2:30 p.m. close in Cairo. The gauge has increased 38 percent this quarter, making it the region’s best performer.

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

Citadel Capital SAE (CCAP) (CCAP EY) rose for the first time in four days, gaining 2 percent to 3.06 Egyptian pounds. The Cairo- based private equity firm signed an amended share-purchase agreement to sell its interest in National Petroleum Co. Egypt Ltd. to Calgary-based Sea Dragon Energy Inc. (SDX)

Orascom Construction Industries (OCIC) increased 2 percent, the most in three weeks, to 255.39 pounds. Egypt’s biggest publicly traded builder posted the highest quarterly amount in building contract awards in almost four years and revealed it was close to selling a stake in Gavilon Group LLC.

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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