Egyptian stock alert

EGYPT

CLOSING UPDATE: Orascom Telecom Media and Technology Holding in 3rd consecutive fall, nears a 46-month low 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).

Orascom Telecom Media and Technology Holding, Egypt's 3rd largest telecommunication company by market capitalisation, slipped further on Thursday, sliding an additional 3.0 qirsh (or 5.4%) to trade at 53.0 qirsh. The stock dropped 3.23% on Tuesday and 6.67% on Wednesday bringing its 3-day fall to 14.5%. It is now approaching its thirty-three-month low of 51.0 qirsh. Compared with the EGX 30 Index which fell 28.8 points (or 0.2%) in the day, this represented a relative price change of -5.2%.

TODAY'S ALERT

Afternoon Alert: Orascom Telecom Media and Technology Holding in 3rd consecutive fall, nears a 33-month low

20 September 2018 12:12 EET

Orascom Telecom Media and Technology Holding SAE (CA:OTMT) slipped further on Thursday, sliding an additional 1.0 qirsh (or 1.8%) to trade at 55.0 qirsh. The stock dropped 3.23% on Tuesday and 6.67% on Wednesday bringing its 3-day fall to 11.3%. It is now testing its 685-day low of 55.0 qirsh.

Orascom Telecom Media and Technology Holding SAE (CA:OTMT; CAI:OTMT; EY:OTMT)

ISIN: EGS693V1C014

PermID: 5035252473

Source: www.BuySellSignals.com