Can Muslim Commercial Bank (MCB) Continue to Rally Further?

Muslim Commercial Bank (MCB) can close above the 2015 high of 343. 343 acts as a key resistance, and a break of the structure with a strong candlestick on the monthly time frame could indicate further rally. Price is well above the 9 EMA and is using the 200 EMA as support.

On the fundamental side, MCB trades at an attractive expected P/E ratio of 7.72 with a dividend yield of approximately 10%. On the other hand, MCB traded at a P/E ratio greater than 15 with a dividend yield of less than 5%. Furthermore, Current Accounts also witnessed a 27% growth YTD, compared to the industry average of 16%. Hence, it could be a good stock to keep an eye on.

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⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →