Egyptian stock alert

EGYPT

CLOSING UPDATE: Kafr El-Zayat Pesticides & Chemicals continues significant uptrend, increased further 1.7% 26 July 2017 17:25 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).

Kafr El-Zayat Pesticides & Chemicals, Egypt's 6th largest chemicals company by market capitalisation, continued its significant uptrend and climbed LE2.85 (or 5.6%) to trade at LE53.90 today. Compared with the EGX 30 Index which rose 56.5 points (or 0.4%) in the day, this represented a relative price increase of 5.2%.

Technical indicators complementing today's significant uptrend:

+ The positive 3.23 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 5.4% discount to 12-month high of LE56.99 against the 208.0% premium to 12-month low of LE17.50 suggests the stock continues to push for new highs.

+ The stock has outperformed 94% of the Egyptian market over the past 6 months.

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

+ The price soared 12.9% in the last week and 38.2% in the last month.

+ The present value of EGP1,000 invested one year ago is LE3,131 [vs LE1,830 for the EGX 30 Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Dividend yield of 5.6% [4.8%]

TODAY'S ALERT

Afternoon Alert: Kafr El-Zayat Pesticides & Chemicals continues significant uptrend, lifts 3.8%

26 July 2017 13:07 EET

Kafr El-Zayat Pesticides & Chemicals Co (CA:KZPC) continued its significant uptrend and lifted LE1.95 (or 3.8%) to trade at LE53.0 today.

Kafr El-Zayat Pesticides & Chemicals Co (CA:KZPC; CAI:KZPC; EY:KZPC)

ISIN: EGS38411C012

PermID: 4295926318

Source: www.BuySellSignals.com