Egyptian stocks ended up on Sunday in retail-driven trade as MobiNil attracted investors seeking to qualify for a dividend payment from the mobile phone operator, traders said. A company official told Reuters investors holding MobiNil shares by end of trade on Monday would qualify. MobiNil, also known as the Egyptian Company for Mobile Services, previously said it would pay a cash dividend of 4.50 Egyptian pounds ($0.75) a share. "MobiNil was up because we are coming up to the time shareholders have to hold the share to qualify for the dividend," said Yasser Hassanein of Dynamic Securities. MobiNil rose 0.69 pounds, or 0.5 percent, to 138.50 pounds. The benchmark Hermes index climbed 208.25 points, or 0.8 percent, to a new closing high of 25,605.52. The broader CIBC index ended up 1.61 points, or 1.5 percent, at 111.26 points. --More 1833 Local Time 1533 GMT
