The Egyptian Company for Mobile Services, also known as MobiNil, pushed up Egyptian stocks on Sunday on expectations the company would post strong upcoming third-quarter results, brokers said.
A company official confirmed MobiNil, which last traded up 6.7 percent, would release third-quarter results on Wednesday.
The benchmark Hermes index ended the session up 218.40 points, or 1.1 percent, at 20,295.83 points.
The broader CIBC index rose 0.06 points, or 0.06 percent, to end at 100.14 points.
The brokers said the expectations were based on the assumption the third quarter was traditionally profitable with the company making revenues from roaming tariffs as Egypt-based customers travelled abroad and tourists visited Egypt.
MobiNil, one of the day's busiest stocks, last traded up 6.67 Egyptian pounds ($1.07), or 6.7 percent, at 122.98 pounds. The stock officially closed at 120.49 pounds.
The traders said MobiNil sister company Orascom Telecom (OT) rose on the back of MobiNil's performance.
OT last traded up 5.06 pounds, or 2.6 percent, at 199.90 pounds and officially closed at 197.55 pounds.