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African Markets Review 09 17 2020

  • In Morocco, COSUMAR publishes its H1 2020 indicators highlighting a consolidated turnover up by +3.8% to MAD 4.26bn;
  • In Tunisia, The SOMOCER Company announces a net loss of TND 7m in the first semester, against a profit of TND 2.2m a year earlier;
  • In Egypt, The CBE announced that total profits reported by Banks operating in the Egyptian market amounted to about EGP 50bn at the end of June 2020;
  • An outstanding daily performance was recorded by the Ghana Stock Exchange (+1.37%) while BRVM Stock exchanged displayed the highest underperformance (-0.51%).
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.

Analysts
Hicham SAÂDANI

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