Egyptian stock alert

EGYPT

CLOSING UPDATE: Qatar National Bank Alahli sinks 4.1%, led Bank sector lower 16 January 2018 15:06 EET

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Egyptian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Qatar National Bank Alahli, Egypt's 2nd largest bank by market capitalisation, has sunk 4.1% to trade at LE46.0 vs. the Bank sector which weakened 340.5 points (or 0.9%) to 36,233.4. Representing a weighting of about 20.9% of the sector, the stock accounted for 92.3% of today's loss. Trading volume was 60% of average at the end of the day. Compared with the EGX 30 Index which fell 38.4 points (or 0.2%) in the day, this represented a relative price change of -3.9%.

Note

Bullish Signals:

The positive 1.44 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 4.2% discount to 12-month high of LE48.0 against the 47.6% premium to 12-month low of LE31.17 suggests the stock continues to push for new highs.

In the last three months the stock has hit a new 52-week high twice.

The price jumped 8.2% in the last week and soared 12.2% in the last month.

The present value of EGP1,000 invested one year ago is LE1,420 [vs LE1,138 for the EGX 30 Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

Dividend yield of 3.6% [1.4%]

TODAY'S ALERT

Afternoon Alert: Qatar National Bank Alahli tumbles 6.2%

16 January 2018 12:14 EET

Qatar National Bank Alahli (CA:QNBA) has tumbled LE2.97 (or 6.2%) to trade at LE45.0.

RECENT ALERTS

CLOSING UPDATE: Qatar National Bank Alahli hits 52-week high second time in one month

15 January 2018 15:04 EET

Qatar National Bank Alahli, Egypt's 2nd largest bank by market capitalisation, hit a 52-week high of LE48.0 today for the second time in the past one month and last traded at LE47.97. This brought its five-day rise to LE5.67 or 13.4%. Trading volume was 1.5 times average at the end of the day. Compared with the EGX 30 Index which fell 53.8 points (or 0.3%) in the day, this represented a relative price increase of 4.7%.

Afternoon Alert: Qatar National Bank Alahli keeps rising: up 11.1% in 5 days

15 January 2018 12:12 EET

Qatar National Bank Alahli (CA:QNBA) extended its gains on Monday, rising an additional LE1.03 (or 2.2%) to trade at LE47.0. Trading volume was 1.8 times average so far today. The shares have risen LE4.70 (or 11.1%) over the past five trading days vs. the EGX 30 Index which has risen 1.7% in the same period.

Qatar National Bank Alahli (CA:QNBA; CAI:QNBA; EY:QNBA)

ISIN: EGS60081C014

Source: www.BuySellSignals.com