North Africa | - Part 16

Egypt gov’t re-setting spending priorities, says FinMin

Cairo, Egypt (Capital Markets in Africa) — The Egyptian government has set a fiscal programme with the aim of rearranging priorities for public spending, through reforming energy subsidies system and increasing taxes, in addition to more efficient management of public debt, said Finance Minister Hani Kadri Dimian. He added that the government is working on achieving an economic breakthrough that reflects positively on citizens. Early this year, the government prepared a package of fiscal and…

Morocco Market Watch | June 5th 2015: Moroccan equity market ends the week on bullish mood, adds MAD 180 million today

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market ended the week on bullish mood. Morocco’s benchmark stock index (MASI Index) added 0.03 percent to close at 9,736.55 points (increased year-to-date performance to 1.21 percent) with total market capitalization at MAD 494.616 (gained MAD 180 billion compared to previous trading sessions market capitalization of MAD 494.598 billion) and market activities measured as total traded value was recorded at MAD 49.739 million (a reduction of 29 percent…

Morocco Market Watch | June 4th 2015: Moroccan equity market indices end positive, add MAD 2.02 billion

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market ended in positive today. Morocco’s benchmark stock index (MASI Index) added 0.33 percent to close at 9,733.46 points (increased year-to-date performance to 1.18 percent) with total market capitalization at MAD 494.598 billion (gained MAD 2.02 billion compared to previous trading sessions market capitalization of MAD 492.583 billion) and market activities measured as total traded value was recorded at MAD 70.165 million (a reduction of 22 percent against…

Egypt Market Watch | June 4th 2015: Egyptian equities indices fall, market cap lose EGP 2.2 billion

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- The Egyptian Exchange (EGX) indices were down on Thursday, while equities shed around EGP 2.2 billion of the market capitalisation to end at EGP 498.003 billion against EGP 500.239 billion on Wednesday trading session. The benchmark index EGX30 (which measures the top 30 active stocks), fell 1.4% or 124.84 points to close below the 8800 mark at 8780.76 points and reduced the year-to-date yield to -1.64 percent. Equally, the small and mid-cap…

Morocco Market Watch | June 3rd 2015: Moroccan equity market retracts, adds MAD 1.13 billion

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market retracted the bearish mood today. Morocco’s benchmark stock index (MASI Index) added 0.26 percent to close at 9,701.77 points (increased year-to-date performance to 0.85 percent) with total market capitalization at MAD 492.583 billion (rose by MAD 1.13 billion compared to previous trading sessions market capitalization of MAD 491.454 billion) and market activities measured as total traded value was recorded at MAD 90.161 million (an increase of 23…

Egypt Market Watch | June 3rd 2015: Egypt’s stock market maintains upward trend, market cap gains EGP 1.2 billion.

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):- Egypt’s stock market recovered at end of Wednesday’s trading sessions, gaining around EGP 1.2 billion to end market capitalization at 500,239 billion compared with EGP 499,007 billion recorded at previous trading sessions. The benchmark index EGX30 (which measures the top 30 active stocks) continued it upward momentum, by gaining 0.66 percent or 58.01 points to close at 8,905.60 points, bringing the year-to-date yield to -0.235 percent. However, the small and mid-cap…

Morocco Market Watch | June 2nd 2015: Moroccan equity market continues in red

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market continued it bearish mood today. Morocco’s benchmark stock index (MASI Index) lost 0.14 percent to close at 9,674.37 points (reduced year-to-date performance to 0.56 percent) with total market capitalization at MAD 491.454 billion (decreased by MAD 452 million compared to previous trading sessions market capitalization of MAD 491.906 billion) and market activities measured as total traded value was recorded at MAD 73.212 million (an increase of 245…

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