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African Markets Review 01 22 2020

  • In Morocco, payment and withdrawal cards in circulation are up by 9.2% to nearly 15.6 million at end 2019
  • In Tunisia, ENNAKL published a press release on Q4 2019 achievements, showing a 14.1% increase in sales to TND 408.8m;
  • In Egypt, GENERAL COMPANY FOR LAND RECLAMATION's BoD approved financial results for the fiscal period ending December 31st, 2019, which revealed incurring after-tax losses of EGP 737,000, compared to net losses of EGP 12.3m a year earlier;
  • Among the covered African markets, Casablanca Stock Exchange recorded the highest daily performance (+0.27%), whereas Ghana Stock Exchange pointed the lowest one (-1.04%).
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BMCE Capital Research
BMCE Capital Research

BMCE Capital 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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