The banking sector has started the day on a positive note, with several banks showing gains in early trading. The market is closely watching the upcoming monetary policy meeting of the Central Bank of Egypt (CBE), scheduled for Thursday, June 22nd, 2023, as the bank is expected to announce its stance on the recent hike in inflation.
Investors are keenly following the banks' movements during the current trading session, as they prepare for the potential impact of the CBE's decision on interest rates and other monetary policies. The banking sector is expected to be particularly sensitive to any changes in the CBE's position, given its significant role in the country's financial system.
Here's a rundown of some of the banks that have seen positive movement so far in the day's session:
**Prices as of 19/06/2023 session 11:50 AM CLT
Banking Sector view at our Market Radar
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