Morocco Equity Markets |

AfricInvest and Amethis acquire a minority stake in CFG Bank

RABAT (Capital Markets in Africa )- AfricInvest and Amethis, leading pan-African mid-cap-focused private equity firms, are pleased to announce the closing of a minority equity investment in CFG Bank (“CFG”), a pioneering investment bank which is now extending its activities to become a universal bank. Established in 1992 by Adil Douiri and Amyn Alami, CFG initially operated as a capital markets investment advisor for retail clients, and soon became a leader in investment banking services…

A Star Arab Economy Eases Hold on Currency to Lure Investors

Posted on by The Editorial Team

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…

Morocco Equity Markets | 11 Nov 2015: Bull appears on the Moroccan equity markets, investors gains US$253 million

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa —Casablanca Stock Exchange equity trading session backed to bullish mood after stayed in the bearish sentiment for just a day. The Moroccan benchmark stock index (measured as MASI Index) advanced by 0.61 percent to close at 9,268.27 points (with a year-to-date performance to -4.24 percent). The equity market capitalization closed at MAD 466.252 billion (an increase of MAD 2.45 million or US$253 million relatively to the previous market capitalization of…

Morocco Equity Markets | 10 Nov 2015: Moroccan equity markets end in red, benchmark index 0.21% down

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Casablanca, Morocco, Capital Markets in Africa — The bear appeared on the Casablanca Stock Exchange and the Moroccan benchmark stock index (measured as MASI Index) fell by 0.21 percent to close at 9,212.45 points (with a year-to-date performance to -4.24 percent). The equity market capitalization recorded at MAD 463.801 billion (a decrease of MAD 1.1 million or US$114 million relatively to the previous market capitalization of MAD 464.902 billion). The market activity measured as total traded…

Morocco Equity Markets | 09 Nov 2015: Equity market capitalization US$242 higher, all sector indices in green except Bank …

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Casablanca, Morocco, Capital Markets in Africa — The Bull opened the week after the Moroccan benchmark stock index (measured as MASI Index) advanced by 0.65 percent to end at 9,232.25 points (with a year-to-date performance to -4.03 percent). The equity market capitalization ended at MAD 464.902 billion (an increase of MAD 2.3 million or US$242 million relatively to the previous market capitalization of MAD 462.554 billion). The market activity measured as total traded value was recorded…

Morocco Equity Markets | 05 Nov 2015: Equity markets continue uptrend, investors reward with US$ 323 million …

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa — The Bull continued its supremacy on the Moroccan equity trading session after the Moroccan benchmark stock index (measured as MASI Index) surged by 0.65 percent to end at 9,172.84 points (with a year-to-date performance to -4.65 percent). The equity market capitalization ended at MAD 462.554 billion (an increase of MAD 3.13 billion or US$323 million relatively to the previous market capitalization of MAD 459.420 billion). The market activity measured…

Morocco Equity Markets | 04 Nov 2015: Moroccan equities stay in the green, market cap US$116 million higher …

Posted on by The Editorial Team

Casablanca, Morocco, Capital Markets in Africa — on Wednesday, Moroccan equity trading closed on a positive sentiment both indices and market capitalization ended higher. The Moroccan benchmark stock index (measured as MASI Index) added 0.10 percent to end at 9,113.23 points (with a year-to-date performance to -5.27 percent) with total market capitalization at MAD 459.420 billion (an increase of MAD 1.12 billion or US$116 million relatively to the previous market capitalization of MAD 458.300 billion). The…

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