Recently the banking sector has been getting back to leading the hype, as most of the traded banking sector shares are near or within the 52-week high prices; shares prices have been advancing continually for the last couple of weeks.
The Export Development bank of Egypt - EXPA rose around 15% since the beginning of the last week; Qatar National Bank Al Ahli - QNBA released its earnings for the financial year ended 2022 last week with a net profit of EGP 10.35 bn vs. EGP 7.62 bn for 20211 recording a +36% increase Y-o-Y QNBA shares rose too +6.32% since last week and +14.06% starting January 2023.
(Read: COMI Through Devaluation History)
Faisal Islamic Bank of Egypt - FAIT released its standalone Financials for the year ended 2022, recording a +66.8% net profit Y-o-Y, reaching EGP 4.47 bn Vs. EGP 2.68 bn, Faisal show flat performance near its 52-week high Price EGP 27.89/ share recorded on 14/12/2022.
Get Full data for the banking sector through our IN-Focus.
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