Cairo – Mubasher: Al Baraka Bank Egypt’s stock has shown a strong upward trend in the current term, having reached a record high of EGP 16.75 in November.

Technical analysis highlighted improved investor sentiment and increased demand for the stock.

Mubasher Research indicated that the price is currently moving sideways without breaking through key levels. If it holds below the support level of EGP 14.90, it is likely to test the EGP 14.40 level, followed by the key support level at EGP 13.70.

Holding above this key support level is crucial to maintaining the upward trend.

The price needs to hold above the resistance level of EGP 16.00 with high trading volumes to confirm a breakout. The next target would then be EGP 16.25, followed by the record high of EGP 16.75.

In case the stock holds above the record high, the next targets would be around EGP 17.20, followed by EGP 17.80.

Price Action Summary

Al Baraka Bank's stock witnessed a significant decline during 2025 with weak trading volumes. Starting in February, the price moved in a sideways consolidation trend that lasted until June.

Then, it successfully broke out of the sideways trend with an increase in trading volumes, entering a major upward trend and achieving a historical peak in November at EGP 16.75.

Disclaimer:

This analysis is based on technical analysis tools and reflects a comprehensive analytical view that may vary depending on interpretation methods.

It does not constitute a direct recommendation to buy or sell, nor an invitation to make investment decisions. This is intended solely for monitoring and study purposes. Investment decisions are the sole responsibility of the investor, based on their financial situation and investment goals.