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African Markets Review 12 26 19

  • In Morocco, ALLIANCES GROUP received the Market Regulator’s visa relating to the prospectus for the issue of bonds of MAD 1.1bn for ALLIANCES and MAD 534.5m for ALLIANCES DARNA as part of the financial restructuring plan launched by the Group;
  • In Tunisia, LLOYD TUNISIEN sales 160,000 MAGASIN GENERAL shares (i.e. a 1.39% stake) for a unit price of TND 32 on 12/23/2019;
  • In Egypt, EGYPTIAN DELTA LIFE ASSURANCE posted a 5% y-o-y decline in premiums during the first quarter of the 2019/2020 financial year, official sources in the firm announced on Tuesday;
  • Among the African markets covered, only three markets were active on 12/25/2019, during which the Tunis Stock Exchange recorded the highest daily performance (+0.73%), whereas the Egyptian Stock Exchange pointed the lowest one (-0.42%).
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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