The auction witnessed a strong demand for the bank's shares before the start of the trading session on Thursday, 26 April. Egyptian buyers requested to acquire about two million shares at EGP 61 per share, while the closing price of CIB share reached EGP 51.20 the previous day. At the end of the session, the CIB stock closed at EGP 58.8 per share that day. He pointed out that the Egyptian Exchange made adjustments in the methodology for calculating the closing price, which leads to avoiding sudden and sharp changes in the closing price. In a related context, El Dokani revealed that the Egyptian Exchange will announce gold prices on its screens daily during the coming period.

Source: Daily News Egypt May 07, 2023 06:23 UTC