North Africa | - Part 13

Egypt Market Watch | June 21st 2015: Egyptian stock exchange lose EGP 1.6 billion on sell-offs

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity markets end today trading sessions in the red region, as a result the market capitalisation lost around EGP 1.6 billion to close at EGP 488.511 billion (against EGP 490.129 billion recorded previous trading session), as a result of Egyptian investors and Arab investors sell pressure. The benchmark index EGX30 plunged by 0.48 percent or 41.52 points to end the day at 8,535.19 points (-4.38 percent year-to-date performance). Similarly, the small…

Morocco Market Watch | June 19th 2015: Morocco equity market maintains uptrend … MAD 2.8 billion gains

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market sustained yesterday gains to end the week in positive region. The Moroccan benchmark stock index (measured as MASI Index) increased by 0.51 percent to close at 9,581.36 points (with a year-to-date performance to -0.40 percent) with total market capitalization at MAD 486.316 billion (gained almost MAD 2.8 billion against previous trading session market cap of MAD 483.526 billion) and market activities measured as total traded value was…

Morocco Market Watch | June 18th 2015: Morocco equity market returns to green after 3-days in red

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market returned to green after three consecutive trading days. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.33 percent to close at 9,532.74 points (with a year-to-date performance to -0.91 percent) with total market capitalization at MAD 483.526 billion (gained almost MAD 1.2 billion against previous trading session market cap of MAD 482.331 billion) and market activities measured as total traded value was recorded…

Egypt Market Watch | June 18th 2015: Egyptian stock exchange maintains the uptrend momentum with EGP 1.6 billion gains.

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity indices were maintained the bullish momentum to close the week on positive note. The market capitalisation gained around EGP 1.4 billion to close at EGP 490.129 billion (against EGP 488.733 billion recorded yesterday), backed by Egyptians’ strong buying. On a week-on-week basis, market capitalization added EGP 0.7 billion relative to last week Thursday market capitalization. The benchmark index EGX30 slightly surged by 0.24 percent or 20.16 points to end…

France’s FigeacAero to open production unit in Morocco

Posted on by The Editorial Team

Rabat, Morocco (Capital Markets in Africa) – Morocco’s aeronautics industry continues to spread its wings. Following in the footsteps of other global heavyweights in aeronautics such as Bombardier and Airbus, a 25 million euros investment will be injected in the Moroccan aeronautics industry by FigeacAero, a French group specializing in mechanical aerospace. The French company has confirmed plans to open a production unit in Casablanca which is expected to generate 500 jobs and an investment of…

Morocco Market Watch | June 17th 2015: Morocco equity market ended in red for third consecutive trading days, MAD 2.11 billion

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market ended in red for third consecutive trading days. The Moroccan benchmark stock index (MASI Index) plunged by 0.44 percent or 41.91 to close at 9,501.72 points (with a year-to-date performance to -1.23 percent) with total market capitalization at MAD 482.331 billion (gave up almost MAD 2.11 billion against previous trading session market cap of MAD 484.437 billion) and market activities measured as total traded value was…

Egypt Market Watch | June 17th 2015: Egyptian stock exchange surges for 2nd day in a row; equities gain EGP 1.6 billion

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- Egyptian equity indices were bullish today and maintained yesterday gains. The market capitalisation gained around EGP 1.60 billion to close at EGP 488.733 billion (against EGP 487.136 billion recorded yesterday), backed by Egyptians’ strong buying. The benchmark index EGX30 slightly surged by 0.01 percent or 0.45 points to end the day at 8,556.55 points (-4.15 percent year-to-date performance). Similarly, the small and mid-cap index EGX70 climbed by 0.39 percent or 1.75 points to…

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