CIB Leads Banking Stocks’ Gains at Start of Tuesday Trading on Egyptian Exchange
Shares of Commercial International Bank – Egypt (CIB) topped the banking sector’s gainers at the start of trading on Tuesday, rising by 0.55% to EGP 118.75. Trading on the stock amounted to EGP 6.78 million, with around 56,990 shares exchanged.
Egyptian Gulf Bank ranked second among the sector’s top performers, climbing 0.36% to $0.280. The stock recorded trading value of $2.75 million, with approximately 207,000 shares traded.
Qatar National Bank Alahli followed in third place, gaining 0.16% to reach EGP 45. Trading value on the stock stood at about EGP 501,500, through the exchange of nearly 11,000 shares.
Bank Al Baraka – Egypt came fourth, rising 0.13% to EGP 15.7, with trading value totaling EGP 771,220 and volumes of around 49,000 shares.
Faisal Islamic Bank of Egypt (in Egyptian pounds) ranked fifth, edging up 0.09% to EGP 33. The stock saw trading value of EGP 1.14 million, with about 34,460 shares traded.
On the downside, Crédit Agricole Egypt declined by 0.27% in early trading to EGP 22.53, with turnover reaching EGP 570,000 on volumes of roughly 25,310 shares.
Abu Dhabi Islamic Bank – Egypt also traded lower, slipping 0.35% to EGP 28.6. Trading value on the stock amounted to EGP 2.78 million, with around 96,960 shares exchanged.
Meanwhile, four banking stocks remained unchanged in early Tuesday trading: Export Development Bank of Egypt, The United Bank, Suez Canal Bank, and Housing and Development Bank.