CIB's stock slides to lowest level since November 2016

The heavyweight stock declined by 2.06%

  
Customers and security guards stand in front of a branch of the CIB Bank in Cairo January 31, 2010.

Customers and security guards stand in front of a branch of the CIB Bank in Cairo January 31, 2010.

REUTERS/Tarek Mostafa

Cairo – Mubasher: The Commercial International Bank-Egypt’s (CIB) stock continued its downward trend, sliding to its lowest level since November 2016.

By 12:45 p.m., the heavyweight stock declined by 2.06% to EGP 52.9 after about 687,170 shares were exchanged at a turnover of EGP 36.4 million.

The EGX30 index dropped by 1.69% to 10,131 points, while the EGX70 EWI fell by 4.1% to 1,843 points.

The market’s turnover amounted to EGP 710.2 million, while the trading volume recorded 370.7 million shares.

Source: Mubasher

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