North Africa | - Part 17

Egypt Market Watch | June 2nd 2015: Egypt’s stock market recovers and market cap gains EGP 3.5 billion.

Cairo, Egypt (Capital Markets in Africa):- Egypt’s stock market recovered at end of Tuesday’s trading sessions, gaining around EGP 3.5 billion to end market capitalization at EGP 499,008 billion, backed by local institutions’ strong buying appetite. The benchmark index EGX30 (which measures the top 30 active stocks) retreated it early slide , closing with a gain of 1.17 percent or 102.55 points to end the day at 8,847.59 points. In the same positive trend, the small and mid-cap index EGX70 surge by…

Egypt Market Watch | June 1st 2015: Egypt equities continue to slide losing EGP 164 million

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):-Egyptian equity markets plummeted today, the first day of the week and month of June. The market capitalization lost GBP164 million to end at EGP 495.542, compared with previous market capitalization of EGP 495.705 billion. The benchmark index EGX30 (which measures the top 30 active stocks) retreated it early upsurge to later decline by 0.43 percent or 37.51 points to end the day at 8,745.04 points. Likewise, the small and mid-cap index EGX70 went…

Morocco Market Watch | June 1st 2015: Moroccan equity market returns to negative trend

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco’s benchmark stock index (MASI Index) lost 0.24 percent to close at 9,687.63 points (reduced year-to-date performance to 0.70 percent) with total market capitalization at MAD 491,906 billion (decreased by MAD 1.16 billion compared to previous trading sessions market capitalization of MAD 493.119 billion) and market activities measured as total traded value was recorded at MAD 21.195 million (a decrease from previous trading session of MAD 967.881 million). Likewise, Moroccan…

Egypt Market Watch | May 31st 2015: Egypt equities continue to slide losing EGP 5.4bn

Posted on by The Editorial Team

Cairo, Egypt (Capital Markets in Africa):-Egyptian equity markets slipped today, pressured by a selling tendency among Arab investors. The market capitalization lost EGP 5.4 billion to close at EGP 495.705, compared with EGP 501.110 billion on previous trading sessions. The benchmark index EGX30 declined by 1.45 percent or 129.50 points to end the day at 8,782.55 points (-1.614 percent year-to-date performance). Likewise, the small and mid-cap index EGX70 went down by 1.76 percent (or 8.42 points) to settle at…

Morocco Market Watch | May 29th 2015: Moroccan equity market maintains bullish tempo

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco’s benchmark stock index (MASI Index) gained 1.19 percent to close at 9,711.36 points (0.95 percent year-to-date performance) with total market capitalization at MAD 493.119 billion (increased by MAD 9 billion compared to previous trading sessions) and market activities measured as total traded value was recorded at MAD 967.881 million. Likewise, Moroccan most active share index (MADEX) closed at 7,947.39 points (advanced by 1.19 percent compared to previous trading day)….

Egypt bourse to reduce free float required to list on EGX 30

Posted on by The Editorial Team

Cairo (Capital Markets in Africa):- – Egypt’s stock exchange said on Thursday it would reduce the free float required for new companies to list on its benchmark EGX 30, as part of structural changes to the index. Companies previously had to have a 15 percent free float to list on the EGX 30. Under the new rules, which take effect on August 1, firms will be able to join with a minimum 5 percent free float…

Morocco Market Watch | May 28th 2015: Moroccan equity up by MAD 942mn today

Posted on by The Editorial Team

Casablanca, Morocco (Capital Markets in Africa):- Morocco’s benchmark stock index (MASI Index) return to positive today, by gaining 0.21 percent to close at 9,608.63 points (-0.12 percent year-to-date performance) with total market capitalization at MAD 483.835 billion (increased by MAD 942 million compared to previous trading sessions) and market activities measured as total traded value was recorded at MAD 45.516 million (a decrease of 83 percent relative to previous trading sessions market turnover). Likewise, Moroccan most…

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