The Egyptian pound strengthened slightly against the US dollar in early Thursday trading, but continued to hover within a narrow band after several weeks of stability, according to official bank data. As of 11:23 a.m. Cairo time (09:23 GMT), major banks quoted the pound at: Bank Buy (EGP/USD) Sell (EGP/USD) National Bank of Egypt (NBE) 47.58 47.68 Banque Misr 47.67 47.77 Commercial International Bank (CIB) 47.59 47.69 QNB Alahli 47.5600 47.6600 Abu Dhabi Islamic Bank (ADIB) 47.6700 47.7700 The currency has moved within a tight range in recent weeks, signalling relative calm after months of volatility earlier this year, when persistent foreign currency shortages and high inflation weighed on the market. Attribution: Amwal Al Ghad English