The insurer's share price rose 2.14 per cent to close the week at Sh4.74, snapping a prolonged decline that had persisted since February and attracting bargain hunters back to the counter.
Market analysts attributed the renewed investor interest to the launch of CIC Impact, a wholly focused microinsurance subsidiary expected to widen the group's customer base and support future revenue growth.
The new business provides a framework for simplified, affordable insurance products targeting low-income and underserved populations.
The expansion comes as the insurer seeks to rebuild earnings after a difficult financial year.
CIC's net profit plunged to Sh513.8 million in 2025 from Sh2.9 billion a year earlier after its underwriting business slipped into a loss for the first time since the restated 2022 financial year.
Earnings were also weighed down by the absence of a one-off Sh1 billion property revaluation gain that had significantly boosted the previous year's results.
Last week's rebound placed CIC among the top-performing financial stocks alongside HFCB, Family Bank, Britam and Kenya Re as banking and insurance counters continued to dominate trading at the NSE.
The broader market also ended the week on a positive note.
The NSE All Share Index (NASI), NSE 25 Share Index and NSE 20 Share Index gained 1.70 percent, 1.44 per cent and 1.97 per cent respectively.
Market capitalisation rose by 1.7 per cent, although trading activity softened, with total shares traded and equity turnover declining by 19.5 per cent and 17.7 per cent respectively.
In the telecommunications sector, Safaricom shareholders approved 14 special resolutions during the company's 2026 Annual General Meeting.
They include changes formalise its new ownership structure following Vodacom Group's acquisition of an additional 15 per cent stake from the Government of Kenya through Vodafone Kenya Limited.
Among the key resolutions was one granting Vodafone Kenya the right to nominate the list from which Safaricom's chief executive will be appointed, provided it maintains a shareholding of more than 50 percent.
Meanwhile, attention shifted to the fixed-income market after the National Treasury launched three tax-free infrastructure bonds seeking to raise Sh150 billion to finance development projects and refinance maturing debt.
The offer comprises the reopening of three infrastructure bonds with tenors of approximately 8, 15 and 18 years, giving investors a range of medium- and long-term investment options while enjoying tax-exempt interest.
The new issue follows exceptional demand in the first two Treasury bond auctions of the 2026/27 financial year.
The inaugural sale attracted bids worth Sh144.47 billion against a target of Sh70 billion, representing an oversubscription rate of 206.4 per cent.
The second auction also received strong investor interest, with bids of Sh85.9 billion against an offer of Sh40 billion, an oversubscription of 214.8 per cent, underscoring sustained appetite for government securities despite easing interest rates.
