Cairo – Mubasher: Technical movements signaled by Mubasher Trade indicate that the Commercial International Bank – Egypt (CIB) stock shows a clear positive trend in the medium and long term.

Mubasher Trade sees that the positive trend is backed by prices remaining above the 200-day moving average line, which is currently near the EGP 87 level. This reflects a stable upward structure, with no real early signs of seeing the end of the upward trend.

Moreover, after a strong upward wave throughout October and in early November, the CIB stock faced resistance around EGP 110–112, followed by a natural short-term correction toward EGP 108-106 where the stock approaches testing the short-term upward trend line.

From a technical perspective, Mubasher Trade sees that as long as the CIB stock maintains its trading above the EGP 106-108 level, the outlook remains positive with the potential to resume the upward trend toward the recent peak, then toward EGP 112 and 115 as the next targets. As for breaking the EGP 106 zone with a clear daily closing, this would indicate a temporary weakness and could push the stock toward a closer support at EGP 102. Furthermore, it may also indicate an ascending wedge pattern, which still needs confirmation.

In general, the CIB stock is still in the accumulation stage after a strong rise, and any return to active buying near the support levels will be considered a signal of the renewed buying power in preparation for a new upward wave.

Bank Overview

The Commercial International Bank - Egypt (CIB) is the largest private bank in Egypt and one of the blue chips in the banking sector on the Egyptian Exchange (EGX), with a relative weight of 30.56% within the EGX30 index. The bank's market capitalization is approximately EGP 322.40 billion, with 3.07 billion shares listed under the Reuters code (COMI) and the International Securities Identification Number (ISIN) (EGS60121C018).

The bank has diverse strategic investments, including CIB Kenya (100%) and Commercial International Finance (99.83%), and it is considered one of the most liquid and attractive stocks for local and foreign institutions.

Among the prominent shareholders are Alpha Oryx Limited (UAE) with 16.66% and the Social Insurance Fund for Government Sector Employes with 7.44%.

Price Movement Summary

The COMI stock opened its trading in January 2025 at a level close to EGP 70 and continued to move relatively steadily until mid-May, with no significant changes in price. Starting from June, the stock traded in a clear upward direction, recording significant increases in July and September, supported by strong trading momentum.

By November, the price reached around EGP 112, reflecting significant growth in market value over a short period. Trading volumes were varied, but they increased significantly during the uptrends, indicating growing interest in the stock. Overall, the COMI stock shows strong performance in 2025, with a clear shift from stability to growth, reflecting investor confidence and the stability of the banking sector. This was clearly reflected in the trading of the EGX30 due to the heavy weight of the stock in the index.

Important Note: This analysis is based on the principles and tools of technical analysis and reflects a purely analytical perspective that may vary depending on different reading and estimation methods. What is stated in this report should not be considered a direct recommendation to buy or sell, nor an invitation to make any investment decisions; it is for monitoring and study purposes only. Investment decisions are the sole responsibility of the investor based on their financial situation and specific investment goals.