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Pharos Research sets fair value of 10 banks

Pharos Research sets fair value of 10 banks

ArabFinance: Pharos Research sets the fair value of 10 banks with weight recommendations. 

Abu Dhabi Islamic Bank's (ADIB) fair value has been set at LE29 with an overweight recommendation. 

Al Baraka Bank Egypt's (SAUD) fair value has been set at LE18.50 with an overweight recommendation. 

Commercial International Bank's (COMI) fair value has been set at LE105 with an equal weight recommendation. 

Credit Agricole Egypt's (CIEB) fair value has been set at LE60 with an overweight recommendation.

Egyptian Gulf Bank's (EGBE) fair value has been set at $1.10 with an equal weight recommendation.

Export Development Bank's (EXPA) fair value has been set at LE18.50 with an overweight recommendation.

Housing & Development Bank's (HDBK) fair value has been set at LE75 with an overweight recommendation.

QNB's (QNBA) fair value has been set at LE70 with an overweight recommendation.

Suez Canal Bank's (CANA) fair value has been set at LE18.50 with an overweight recommendation.

Faisal Islamic Bank of Egypt's (FAIT) fair value has been set at LE22.50 with an equal weight recommendation. 

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