Cairo – Mubasher: Pharos Research has set the fair value (FV) of 10 banks listed in the Egyptian Exchange (EGX).

The FV of Commercial International Bank (CIB) was set at EGP 90 per share, with equal weight recommendation, according to Pharos’ research note.

Pharos Research maintained the FV of Qatar National Bank Al Ahli (QNBA), Credit Agricole – Egypt, and Abu Dhabi Islamic Bank – Egypt at EGP 50.4, EGP 55, and EGP 15.1, respectively, recommending the increasing of their weight.

Meanwhile, the weight of Suez Canal Bank (SCB) was reduced, with EGP 7 FV, Pharos revealed.