Suez Canal Bank and EBank stocks: the highest increase at the close of EGX trading on Tuesday, November 28

First Bank list revealed the performance of listed bank stocks on the Egyptian Stock Exchange at the close of trading on Tuesday, November 28, 2023. The stock of the Suez Canal Bank led the banking gains on the exchange, rising by 2.57% to close at EGP12.78, compared to the opening price of EGP12.46.

The list indicated increases in the stocks of four banks and decreases in the stocks of five other banks. The Egyptian Export Development Bank (“EBank”) secured the second position with a 0.66% increase, closing at EGP18.29, compared to the opening price of EGP18.17.

Faisal Islamic Bank of Egypt saw its stock rise by 0.21%, claiming the third position with a closing price of EGP33.03, as opposed to the opening price of EGP32.96. Qatar National Bank Al Ahli came fourth with a 0.18% increase, closing at EGP28, compared to the opening price of EGP27.95.

Regarding stock declines, Housing and Development Bank’s stock fell by 0.13%, closing at EGP39.03 at the end of the day, compared to the opening price of EGP39.08. alBaraka Bank’s stock decreased by 0.78%, closing at EGP11.51, down from the opening price of EGP11.60.

The Islamic Bank of Abu Dhabi Egypt’s stock declined by 1.20%, closing at EGP38.65, compared to the opening price of EGP39.12. Commercial International Bank Egypt (“CIB”) saw a significant decrease of 4.83%, closing at EGP80, down from the opening price of EGP84.06.

Credit Agricole Egypt’s stock dropped by 5.77%, closing at around EGP20.73, compared to the opening price of EGP22.

In the realm of dollar-denominated banks, Faisal Islamic Bank of Egypt (in dollars) remained stable at a closing price of $0.989, while the Egyptian Gulf Bank (“EGBANK”) closed at $0.310.

The table below includes the trades conducted on the stocks of the listed banks on the Egyptian Stock Exchange in both currencies (EGP and USD).