Egyptian stock alert

EGYPT

CLOSING UPDATE: Misr Oils and Soap accelerates rise, now up 16.6% in 2 days 19 October 2017 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).

Misr Oils and Soap, Egypt's 19th largest food and beverage company by market capitalisation, is up LE3.98 (or 16.6%) over the past two trading days. After rising 5% on Wednesday, the stock rose 11% on Thursday to trade at LE27.98 vs. the EGX 30 Index that is up 1.4% in the same period.

Technical indicators complementing today's significant uptrend:

+ The stock has outperformed 93% of the Egyptian market over the past 6 months.

+ In the last one month the stock has hit a new 52-week high twice and in the last three months thrice.

+ The price soared 14.9% in the last week and 40.5% in the last month.

+ The present value of EGP1,000 invested one year ago is LE2,678 [vs LE1,681 for the EGX 30 Index].

TODAY'S ALERT

Afternoon Alert: Misr Oils and Soap continues significant uptrend, climbs 4.8%

19 October 2017 12:12 EET

Misr Oils & Soap (CA:MOSC) continued its significant uptrend and climbed LE1.20 (or 4.8%) to trade at LE26.40 today.

RECENT ALERTS

CLOSING UPDATE: Misr Oils and Soap hits 52-week high second time in three months

18 October 2017 15:04 EET

Misr Oils and Soap, Egypt's 18th largest food and beverage company by market capitalisation, hit a 52-week high of LE26.40 today for the second time in the past three months and last traded at LE25.20. Trading volume was 11.7 times average at the end of the day. Compared with the EGX 30 Index which rose 64.7 points (or 0.5%) in the day, this represented a relative price increase of 4.5%.

Afternoon Alert: Misr Oils and Soap hits 52-week high second time in three months

18 October 2017 12:14 EET

Misr Oils & Soap (CA:MOSC) hit a 52-week high of LE26.40 today for the second time in the past three months and last traded at LE26.38. Trading volume was 1.9 times average so far today.

Misr Oils & Soap (CA:MOSC; CAI:MOSC; EY:MOSC)

ISIN: EGS38421C011

PermID: 4296382404

Source: www.BuySellSignals.com