Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY) Stock Price Down 0.8% – Should You Sell?

Commercial International Bank (Egypt) S.A.E. (OTCMKTS:CIBEY)’s share price dropped 0.8% during mid-day trading on Thursday . The stock traded as low as $2.80 and last traded at $2.8475. Approximately 2,036 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 7,589 shares. The stock had previously closed at $2.87.

Commercial International Bank (Egypt) S.A.E. Trading Down 0.8%

The business’s 50 day simple moving average is $2.47 and its 200 day simple moving average is $2.19.

Commercial International Bank (Egypt) S.A.E. Company Profile

Commercial International Bank (Egypt) SAE. (OTCMKTS:CIBEY) is one of Egypt’s leading private sector banks, offering a comprehensive suite of banking and financial services to individuals, small and medium-sized enterprises (SMEs), large corporations and government entities. Founded in 1975 as Egypt’s first truly private bank, CIB has built an extensive domestic network of branches and digital channels to serve a broad customer base across urban and rural markets. The bank’s core operations encompass retail banking, corporate and investment banking, treasury and capital markets, trade finance and risk management.

In its retail segment, CIB provides deposit accounts, credit and debit cards, personal and mortgage loans, auto finance and wealth management advisory.