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African Markets Review 09 09 19

  • In Morocco, HOLMARCOM FINANCE COMPANY SA crossed upward the 5%, 10%, 20%, 33.33% and 50% thresholds in the ATLANTA Capital, through its 99.99 owned subsidiary HOLMARCOM INSURANCE ACTIVITIES SA;
  • In Tunisia, ENNAKL AUTOMOBILES publishes its H1 2019 consolidated financial statements (in accordance with IFRS), highlighting an increase by 16.92% in revenues from contracts with customers to TND 213.80m, a rise by 60.4% in EBIT to TND 21.96m, and a decrease by 82.2% in NGIS to TND 5.6m;
  • In Egypt, the trade deficit dropped by 21.9% during June 2019, recording USD 3.38bn, compared to USD 4.33bn in the same month of 2018, according to the state's statistics agency CAPMAS;
  • All the African markets performed negatively during the last session with the Egyptian Stock Exchange recording the best daily performance (-0.01%), while Tanzania Stock Exchange closed the ranking (-1.11%).
Provider
BMCE Capital Global Research
BMCE Capital Global Research

BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.

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