Egypt’s shares rose to the highest in more than six months after a nationwide strike failed to gather support and France Telecom SA (FTE) was said to be in talks to boost its stake in a local mobile-phone company.
EFG-Hermes Holding SAE (HRHO), the biggest publicly traded Arab investment bank, jumped 8.2 percent. Palm Hills Developments SAE (PHDC), a luxury real-estate developer, soared to the highest level since September. The benchmark EGX 30 Index advanced 2.9 percent to 4,892.93, the highest since Aug. 4, at the 2:30 p.m. close in Cairo. In the United Arab Emirates, Dubai’s DFM General Index (DFMGI) rose for a third day, advancing 0.1 percent.
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