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Commercial International Bank – Egypt (CIB) continued its strong upward momentum on the Egyptian Exchange today, rising 2.40% to reach an intraday high of EGP 132.69 per share. The surge comes amid significant trading activity, with 2,239,168 shares exchanged across 2,474 transactions, amounting to a total value of approximately EGP 293 million.

This performance lifted CIB’s market capitalization to around EGP 445.9 billion (USD 9.5 billion), reflecting investor confidence in the largest private-sector bank in Egypt. The bank’s robust financial position, sustainable growth strategy, and pivotal role in supporting the Egyptian economy continue to attract attention from both institutional and retail investors.

Hesham Ezz Al-Arab, CIB’s CEO, highlighted that the current stock valuation does not fully reflect the bank’s regional strength. While average bank valuations in Africa hover around 9x earnings and range from 9x to 17x in the Middle East, CIB shares trade at less than 6x earnings, despite the bank’s strong profitability and performance metrics.