French Stocks: EADS, GL Events, Kindy, Michelin, Vallourec

By Adria Cimino

Sept. 9 (Bloomberg) -- France's CAC 40 Index gained 26.60, or 0.6 percent, to 4,366.78 at 2:19 p.m. in Paris after rallying 3.4 percent yesterday. The SBF 120 Index also added 0.6 percent.

The following shares rose or fell in Paris. Stock symbols are in parentheses.

Groupe Agta Record (AGTA FP) jumped 85 cents, or 3.8 percent, to 23.10 euros, rising for a second day. The revolving-door maker reported a 4.5 percent rise in first-half net income to 6.9 million euros ($9.7 million) and forecast full-year sales growth of at least 9 percent.

ArcelorMittal (MTP FP), the world's biggest steelmaker, slid 94 cents, or 2.1 percent, to 43.68 euros, falling for the first time this week. Cia. Vale do Rio Doce, the world's biggest iron-ore producer, asked Nippon Steel Corp. and its Japanese rivals to pay 12 percent more for the material on top of a 65 percent increase agreed to in February, two people familiar with the negotiations said.

Carbone Lorraine SA (CRL FP) advanced 1.03 euros, or 2.9 percent, to 36.80, gaining the most in five weeks. The maker of electric motor parts won two contracts worth a total $85 million from the solar energy industry.

European Aeronautic, Defence & Space Co. (EAD FP), owner of planemaker Airbus SAS, climbed 75 cents, or 4.9 percent, to 15.95 euros, advancing for a second day. Airbus SAS, the world's biggest planemaker, said it's seeking 650 million euros in further cost cuts through 2012 as it and parent EADS seek to cope with a weak dollar.

GL Events SA (GLO FP) soared 2.75 euros, or 16 percent, to 19.95, increasing the most since December 2001. The exhibition and events organizer confirmed its forecasts for the full year and predicted significant growth in 2009.

Itesoft SA (ITE FP) added 10 cents, or 4.8 percent, to 2.20 euros gaining the most in about three weeks. The software developer won a 1.8 million-euro contract from French social security agency CNAM.

Groupe Kindy SA (KIND FP) rose 63 cents, or 8 percent, to 8.50 euros, advancing the most since July 29. The maker of socks said it signed a partnership for the design and manufacture of socks with DIM.

Michelin & Cie. (ML FP), the world's second-largest tiremaker, climbed 2.48 euros, or 5.1 percent, to 50.70, gaining for a second day. Air France-KLM Group (AF FP), Europe's biggest airline, jumped 82 cents, or 4.8 percent, to 17.87 euros, rising for a second day.

Crude oil fell in New York as Saudi Arabia's oil minister said supplies are sufficient to meet demand, raising speculation that OPEC will maintain production levels when it meets today. The contract for October delivery dropped as much as 2 percent to $104.23 on the New York Mercantile Exchange.

Vallourec SA (VK FP), the second-biggest maker of steel tubes that carry oil and gas, slid 5.38 euros, or 3.3 percent, to 156.48, falling for the first time this week.

To contact the reporter on this story: Adria Cimino in Paris at acimino1@bloomberg.net.