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African Markets Review 09 20 18

  • The Moroccan Bank, ATTIJARIWAFA BANK published its H1 2018 results showing:
  • A 7.5% increase in Net Banking Income to MAD 11,293.9m;
  • A 12.5% rise in the cost of risk to MAD 1,026.8m;
  • And, an improvement of 6.3% in NIGS to MAD 2,796.9m.
  • The Tunisian company, SIPHAT released its H1 2018 financial indicators showing a deficit of TND -7.73m against a loss of TND -7.76m a year earlier;
  • In Egypt, the trade deficit reached USD 3.62bn in H1 2018, i.e. an increase of 44% y-o-y compared to H1 2017;
  • Among the African markets, the BRVM stock market recorded the highest daily performance (+0.36%), while the Egyptian stock exchange recorded the lowest one (-3.79%).
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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