African Markets Review 09 21 2020
- LESIEUR CRISTAL published its H1 2020 results showing a consolidated net income of MAD 63m (vs. MAD 89m in H1 2019);
- In Tunisia, ARAB TUNISIAN BANK stabilizes its net profits in the first half of the year (+2%) to TND 5.1m;
- In Egypt, EDITA FOOD INDUSTRIES signed an EGP 105m medium-term loan with the Arab Bank to finance the purchase and installation of a new production line;
- Back to a positive performance for the Tunisian stock exchange (+0.41%) after three bearish sessions while the Egyptian stock exchange records the worst daily performance (-0.74%).
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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