Egyptian stock alert

EGYPT

CLOSING UPDATE: Misr Kuwait Investment and Trading hits 52-week low second time in one month 14 June 2018 15:07 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).

Misr Kuwait Investment and Trading, Egypt's 23rd largest food and beverage company by market capitalisation, hit a 52-week low of 86.0 qirsh today for the second time in the past one month and last traded at 86.0 qirsh. Compared with the EGX 30 Index which rose 42.6 points (or 0.3%) in the day, this represented a relative price change of -0.3%.

Technical indicators complementing today's significant downtrend:

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

Note

Bullish Signals:

In the last three months the stock has hit a new 52-week high four times, pointing to an uptrend.

TODAY'S ALERT

Afternoon Alert: Misr Kuwait Investment and Trading hits 52-week low second time in one month

14 June 2018 12:11 EET

Misr Kuwait Investment and Trading Co SAE (NILEX:MKIT) hit a 52-week low of 86.0 qirsh today for the second time in the past one month and last traded at 86.0 qirsh.

Misr Kuwait Investment and Trading Co SAE (NILEX:MKIT)

ISIN: EGS659O1C015

PermID: 5037953447

Source: www.BuySellSignals.com