Morocco capital markets |

Morocco Seeks to Defeat U.S. With Fifth Soccer World Cup Bid

CASABLANCA (Capital Markets in Africa) – It has campaigned unsuccessfully four times before and is the sole challenger to a formidable joint bid by the U.S., Canada and Mexico. Yet Morocco still believes it has a shot at hosting the 2026 soccer World Cup. At the campaign’s launch in Casablanca on Tuesday, Moroccan officials argued the country was located in a more convenient time zone for the majority of fans, while pledging not to exploit…

A Star Arab Economy Eases Hold on Currency to Lure Investors

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CASABLANCA (Capital Markets in Africa) – Morocco loosened its currency peg in a long-awaited move aimed at strengthening its economy and avoiding financial imbalances that forced a slew of emerging nations into sharp devaluations. Bank al-Maghrib on Monday allowed the dirham to fluctuate 2.5 percent above or below its official rate, significantly widening the band from 0.3 percent each way. The central bank updated the dirham’s band from to 8.9783 to 9.4328 against the dollar as of…

Laureate Education To Sell Morocco University to KMR Holding

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CASABLANCA (Capital Markets in Africa) – Laureate Education, Inc. (NASDAQ:LAUR), the world’s largest global network of higher education institutions, and KMR Holding Pédagogique, the leading state-recognized multi-disciplinary private higher education platform in Francophone Africa, have signed an agreement for the sale of Laureate’s institution in Morocco – Université Internationale de Casablanca (UIC). UIC, which opened its doors in 2010, is located in the economic and education hub of Morocco, and is the first and only…

Morocco Equity Markets | 21 Mar 2016: Moroccan Stocks Climb to 7-Month High, Led by Lafarge

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Casablanca, Morocco, Capital Markets in Africa —Casablanca Stock Exchange witnessed positive return at the end of Monday’s equity trading session. The Moroccan benchmark stock index (measured as MASI Index) went up 1.21 percent to end at 9,409.94 points (with a year-to-date performance to 5.43 percent) with total market capitalization at MAD 471.621 billion (a fall of MAD 4.84 billion or US$28 million relative to previous market capitalization of MAD 466.778). The market activity measured as total…

Morocco Equity Markets | 31 Dec 2015: Morocco equity investors lose MAD 31bn and All Share index falls 7.22% in 2015 …

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Casablanca, Morocco, Capital Markets in Africa —Casablanca Bourse ended Thursday’s trading session; the last trading session of 2015 in a positive region to cushion the overall loses in 2015. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.64 percent to close at 8,925.71 points (with a year-to-date performance to -7.22 percent) and the equity market capitalization closed 2015 at MAD 453.316 billion (by gaining of MAD 4.62 billion or US$462 million relative to…

Morocco Equity Markets | 26 Nov 2015: Moroccan equity indices down and investors lose MAD 247 million …

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Casablanca, Morocco, Capital Markets in Africa — Casablanca Stock Exchange witnessed negative return at the end of Thursday’s equity trading session. The Moroccan benchmark stock index (measured as MASI Index) went down 0.15 percent to end at 9,108.93 points (with a year-to-date performance to -5.31 percent) with total market capitalization at MAD 458.810 billion (a fall of MAD 247 million or US$28 million relative to previous market capitalization of MAD 459.057). The market activity measured as…

Morocco Equity Markets | 25 Nov 2015: Morocco shareholders’ value gains US$70 million, indices up …

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Casablanca, Morocco, Capital Markets in Africa — The bull retained its supremacy at the Casablanca Stock Exchange at the end of today’s equity trading session. The Moroccan benchmark stock index (measured as MASI Index) added 0.15 percent to end at 9,122.70 points (with a year-to-date performance to -5.17 percent) with total market capitalization at MAD 459.057 billion (a gain of MAD 706 million or US$70 million relative to previous market capitalization of MAD 458.351). The market…

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