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African Markets Review 01 23 2020

  • In Morocco, IB MAROC released a Profit Warning about its 2019 financial achievements;
  • In Tunisia, ICF specializing in the production of aluminum fluoride achieves a record turnover of TND 188m in 2019, an increase of 19% in y-o-y;
  • In Egypt, EXTRACTED OILS's BoD approved financial results for the fiscal period ending December 31st, 2019, which revealed posting after-tax profits of EGP 1.774m, compared to net profits of EGP 7.716m a year earlier;
  • The covered African Markets were well oriented yesterday, at the exception of Nairobi Securities Exchange (-0.39%) and Nigeria Stock Exchange (-0.02%);
  • Casablanca Stock Exchange recorded the highest daily performance (+0.90%) for the second time in a row.
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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