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Egyptian bank CIB a huge opportunity after stock fall

DUBAI: Egypt’s Commercial International Bank (CIB) is a top pick of Neem Brokerage because of its attractive price-to-book ratio. It comes after the lender’s stock fell to its lowest levels since 2016 last week. The stock is down by more than 16 percent since the start of the year. “We see it is a huge opportunity,” Allen Sandeep, research director at Neem Brokerage told

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