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African Markets Review 02 14 2020

  • In Morocco, MUTANDIS published its 2019 consolidated annual results, highlighting a revenue increase of 6.9% to MAD 1,462m, an EBITDA up by 11.7% to MAD 228m, a 17% improvement in NI to MAD 82m and a proposed DPS of MAD 8.5 (vs. MAD 7.5 in 2018);
  • In Tunisia, COMAR has announced that it has sold its entire stake in the capital of SIMPAR, i.e. 65,049 shares representing 5.91% of the BNA Bank subsidiary’s capital;
  • In Egypt, the total assets of FAISAL ISLAMIC BANK OF EGYPT increased from EGP 91bn in January 2019 to EGP 103bn in January 2020, representing 13.9% growth;
  • Among the covered African markets, Casablanca Stock Exchange recorded the highest daily performance (+1.47%), whereas Nairobi Securities Exchange pointed the lowest one (-1.68%).
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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