|Egypt Stocks: Palm Hills, Six of October, Egyptian Gulf Bank|
|Written by Egypt News|
|Thursday, 07 April 2011|
Egypt’s benchmark EGX 30 Index (CASE) headed for its lowest close since
March 29, decreasing 1.1 percent to 5,419.12 at 1:41 p.m. in Cairo. The
measure has dropped 0.8 percent this week
The following stocks rose or fell in Egypt. Symbols are in parentheses.
Egypt’s state-run New Urban Communities Authority cancelled the sale of 190 feddans (198 acres) in Sixth of October to Palm Hills, Al Mal newspaper reported, without saying where it got the information.
Egypt’s public prosecutor ordered the detention of former Housing Minister Ibrahim Soliman for 15 days over accusations he allowed “profiteering” to take place while in office, including a sale of land to the company, according to a prosecution statement.
Sodic said Rasekh owns 649 shares in the company, or 0.0017 percent, and hasn’t had an executive role since it was established in 1995.
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