Egyptian stock alert

EGYPT

CLOSING UPDATE: Ismailia Development And Real Estate continues significant downtrend, tumbles 8.0% 20 September 2018 15:10 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).

Ismailia Development And Real Estate, Egypt's 14th largest real estate company by market capitalisation, continued its significant downtrend and tumbled 37.0 qirsh (or 8.0%) to trade at LE4.28 today. Compared with the EGX 30 Index which fell 28.8 points (or 0.2%) in the day, this represented a relative price change of -7.8%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.59 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price plummeted 31.0% in the last week and 36.7% in the last month.

Note

Ismailia Development And Real Estate today is at a discount of 55.9% to the 12-month high of LE9.70 on 08 Jul, 2018. It is at a premium of 6.7% to the 12-month low of LE4.01 on 16 Nov, 2017.

The stock has outperformed 50% of the Egyptian market over the past 6 months.

Bullish Signals:

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

TODAY'S ALERT

Afternoon Alert: Ismailia Development And Real Estate jumps 6.0%

20 September 2018 12:12 EET

Ismailia Development And Real Estate Co SAE (CA:IDRE) traded on volume of 0.9 times average so far today while the price jumped 28.0 qirsh (or 6.0%) to trade at LE4.93.

RECENT ALERTS

CLOSING UPDATE: Ismailia Development And Real Estate keeps sliding: down 26.0% in 5 days

19 September 2018 15:10 EET

Ismailia Development And Real Estate, Egypt's 14th largest real estate company by market capitalisation, extended its slide on Wednesday, shedding an additional 72.0 qirsh (or 13.4%) to trade at LE4.65. Trading volume was 31% of average at the end of the day. The shares have fallen LE1.63 (or 26.0%) over the past five trading days vs. the EGX 30 Index which has fallen 9.0% in the same period.

Afternoon Alert: Ismailia Development And Real Estate keeps sliding: down 26.0% in 5 days

19 September 2018 12:12 EET

Ismailia Development And Real Estate Co SAE (CA:IDRE) extended its slide on Wednesday, shedding an additional 72.0 qirsh (or 13.4%) to trade at LE4.65. Trading volume was 1.6 times average so far today. The shares have fallen LE1.63 (or 26.0%) over the past five trading days vs. the EGX 30 Index which has fallen 8.1% in the same period.

Ismailia Development And Real Estate Co SAE (CA:IDRE; CAI:IDRE; EY:IDRE)

ISIN: EGS214Q1C011

PermID: 5035252470

Source: www.BuySellSignals.com