🟢 Orascom Construction is trading 4.04% up today after court dismisses investor petition against OCI

Orascom Construction is trading at $877.02, up 4.04%, alongside an October 7 ruling dismissing an investor petition against OCI, a plausible company-specific catalyst tied to OCI’s proposed combination with Orascom Construction.

• The ruling removes a legal challenge connected to the proposed combination.
• Orascom Construction was among EGX-listed gainers on October 7, while the EGX30 fell 0.1%, so broader-market gains do not explain the rise.
• Trading value was EGP 639.5 million, or 2.7× usual activity.