African Markets Review 12 10 19
- In Morocco, IAM the Supervisory Board co-opted Mr. Obaid Bin Humaid AL TAYER as Vice-Chairman of the Board to replace Mr. Eissa Mohamed Ghanem AL SUWAIDI, according to the business press;
- In Tunisia, ELECTROSTAR published its activity indicators as at March, 31st 2019 showing a turnover of TND 2.96m, down 61.4% compared to the same period a year earlier, mainly due to the delay in granting lines of commitments by signature (letters of credit, documentary credits, guaranteed bonds, etc.);
- In Egypt, GENERAL SILOS & STORAGE declared, in a statement sent to EGX, a cash dividend of EGP 3.350 per share payable on December, 25th, 2019;
- Among the covered African markets, Tunis Stock Exchange recorded the highest daily performance (+0.38%), whereas Nigeria Stock Exchange pointed the lowest one (-0.93%).
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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