Egyptian Equity Preview - Orascom Development and Six of October

Orascom Development Holding AG (ODHN) : The Altdorf, Switzerland-based resorts developer filed an appeal against the judgment of a Cairo court alleging breaches of Egyptian securities laws and the company initiated discussions about a settlement. The shares trading in Cairo lost 1.8 percent to 7.7 Egyptian pounds.

Six of October Development & Investment (OCDI) Co: The Cairo-based luxury real-estate developer will buy back 1 million shares at 18 pounds each starting today and ending Sept. 14. The shares retreated 0.2 percent to 16.99 pounds.