Egyptian stock alert

EGYPT

CLOSING UPDATE: El Kahera El Watania Investment jumps 7.8% on firm volume 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).

El Kahera El Watania Investment, Egypt's 17th largest financial services company by market capitalisation, traded on heavy volume of 1.3 times average today while the price jumped 29.0 qirsh (or 7.8%) to trade at LE4.0. Compared with the EGX 30 Index which fell 38.4 points (or 0.2%) in the day, this represented a relative price increase of 8.1%.

Note

El Kahera El Watania Investment today is at a discount of 21.7% to the 12-month high of LE5.11 on 10 Jul, 2017. It is at a premium of 28.2% to the 12-month low of LE3.12 on 21 Feb, 2017.

Bearish Signals:

The stock has underperformed 77% of the Egyptian market over the past 6 months.

TODAY'S ALERT

Afternoon Alert: El Kahera El Watania Investment jumps 7.8% on firm volume

16 January 2018 12:14 EET

El Kahera El Watania Investment (CA:KWIN) traded on heavy volume of 1.1 times average so far today while the price jumped 29.0 qirsh (or 7.8%) to trade at LE4.0.

El Kahera El Watania Investment (CA:KWIN; CAI:KWIN; EY:KWIN)

ISIN: EGS69011C012

PermID: 4296296308

Source: www.BuySellSignals.com