African Markets Review 10 09 19
- In Morocco, tourist arrivals increased by 6.4% to more than 9.3 million people at the end of August 2019;
- In Tunisia, STEQ publishes its H1 2019 financial statements, showing revenues down by 48.7% to TND 20.68m and a net income of TND 182.61k compared to a profit of TND 1.03m a year earlier;
- In Egypt, ALCN’s net income dropped to EGP 1.83bn in H1 2019 compared to EGP 2.44bn in the same period a year ago;
- Among the covered African markets, Nairobi Stock Exchange recorded the highest daily performance (+0.26%), whereas the Ghana Stock Exchange pointed the lowest one (-0.91%).
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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