Egypt Stocks: Citadel and Commercial International Bank Egypt
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Citadel Capital SAE (CCAP) (CCAP EY) climbed for a third day, gaining 2.5 percent to 3.32 Egyptian pounds. The Egyptian private equity firm’s fund signed an amended agreement to sell National Petroleum Co., with the sale price remaining unchanged at $147.5 million.
Commercial International Bank Egypt SAE (COMI) , the country’s biggest publicly traded lender, climbed 3 percent, the most in almost one month, to 25.81 pounds. The North African country’s central bank cut the reserve requirement ratio on local-currency deposits.
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