Egyptian stock alert

EGYPT

CLOSING UPDATE: Egyptian Arabian Company Themar for Securities Brokerage recovers 2.5% - underperforming 96% of stocks 20 June 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).

Egyptian Arabian Company Themar for Securities Brokerage, Egypt's 14th largest financial services company by market capitalisation, has dropped 2.0 qirsh (or 2.4%) today to trade at 81.0 qirsh and has underperformed 96% of the market in the past month. Compared with the EGX 30 Index which rose 75.7 points (or 0.5%) in the day, this represented a relative price change of -2.9%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.06 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the last three months the stock has hit a new 52-week low sixteen times, pointing to a significant downtrend.

+ The price plummeted 19.0% in the last month.

Note

Egyptian Arabian Company Themar for Securities Brokerage today is at a discount of 40.0% to the 12-month high of LE1.35 on 23 Oct, 2017. It is at a premium of 9.5% to the 12-month low of 74.0 qirsh on 06 Jun, 2018.

TODAY'S ALERT

Afternoon Alert: Egyptian Arabian Company Themar for Securities Brokerage sinks 4.8% - underperforming 97% of stocks

20 June 2018 12:11 EET

Egyptian Arabian Company Themar for Securities Brokerage SAE (CA:EASB) has sunk 4.0 qirsh (or 4.8%) today to trade at 79.0 qirsh and has underperformed 97% of the market in the past month.

Egyptian Arabian Company Themar for Securities Brokerage SAE (CA:EASB; CAI:EASB; EY:EASB)

ISIN: EGS681D1C010

PermID: 5000089497

Source: www.BuySellSignals.com