African Markets Review 09 14 2020
- In Morocco, AGMA publishes a press release of H1 2020 results showing a -5.3% drop in net income to MAD 27.2m;
- In Tunisia, Profits of ENNAKL Automobiles fall by -36% in the first half of the year, to TND 8.2m against TND 12.9m a year earlier;
- In Egypt, The NASSER SOCIAL BANK has reported a 32% increase in its profits to EGP 1.427bn by the end of June 2020, compared to EGP 1.081bn at the end of June 2019;
- Among the covered African markets, The Tunis Stock Exchange recorded the best daily performance (+0.7%) while the Egyptian Exchange posted the worst variation (-2.98%).
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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