Morocco | - Part 9

Morocco Equity Watch | 29 June 2015: Morocco equity markets starts on weak note…MASI Index down by 38bps

Casablanca, Morocco (Capital Markets in Africa):- Morocco equity market started the week on a bearish note. The Moroccan benchmark stock index (measured as MASI Index) decreased by 0.38 percent to close at 9,538.63 points (with a year-to-date performance to -0.85 percent) with total market capitalization at MAD 484.404 billion and market activities measured as total traded value was recorded at MAD 1,070 million. The Moroccan most active share index (MADEX) closed at 7,807.09 points (fell by…

Morocco Market Watch | June 25th 2015: Morocco equity markets remain bullish…MASI Index up by 0.07 percent

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Casablanca, Morocco (Capital Markets in Africa):- Morocco equity markets remain bullish today as a result, the Moroccan benchmark stock index (measured as MASI Free Float Index) was up by 0.07 percent to close at 9,588.99 points (with a year-to-date performance to -0.32 percent) Equally, Morocco’s most active share the MADEX Free Float index (MADEX) ended at 7,838.50 points up from 7,831.07 points (up by 0.09 percent compared to the previous day’s trading session). On the other…

Morocco’s Foreign Currency Reserves rise 16% on year-on-year

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Casablanca, Morocco (Capital Markets in Africa):- Morocco’s net foreign currency reserves amounted to MAD 193.9 billion till 12 June, an increase of 16% year-on-year, according to local gazette Hespress. On 17 June, Morocco’s central bank, or Bank Al-Maghrib, kept its benchmark interest rate unchanged at 2.5% , saying that inflation would remain consistent with price stability targets. Inflation is expected to reach 1.5% in 2015 and 1.4% on average over the next six quarters. However, there…

France’s FigeacAero to open production unit in Morocco

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Rabat, Morocco (Capital Markets in Africa) – Morocco’s aeronautics industry continues to spread its wings. Following in the footsteps of other global heavyweights in aeronautics such as Bombardier and Airbus, a 25 million euros investment will be injected in the Moroccan aeronautics industry by FigeacAero, a French group specializing in mechanical aerospace. The French company has confirmed plans to open a production unit in Casablanca which is expected to generate 500 jobs and an investment of…

Morocco Central Bank keeps interest rate on hold at 2.5 percent

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Casablanca, Morocco (Capital Markets in Africa):- Morocco’s central bank, or Bank Al-Maghrib, kept its benchmark interest rate unchanged at 2.5 percent on Tuesday, saying that inflation would remain consistent with price stability targets. Inflation is expected to reach 1.5% in 2015 and 1.4% on average over the next six quarters. However, there are external uncertainties over oil prices, according to the central bank. A decline in global oil prices revived Morocco’s public finances and slashed…

Morocco Market Watch | May 15th 2015: Moroccan equity marginally up..

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Casablanca, Morocco (Capital Markets in Africa):- Morocco’s benchmark stock index (MASI Index) marginally rose by 0.06 percent to close at 9,851.75 points (2.41 percent year-to-date performance) with total market capitalization at MAD 498.269 billion and market activities measured as total traded value was closed at MAD 26.781 million. Likewise, Moroccan most active share index (MADEX) closed at 8,133.42pts (slightly advanced by 0.07 percent compared to previous trading day). In addition, FTSE CSE Morocco 15 Index gained…

African Market Watch: Thurs, 16th April 2015

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BRVM [The Regional Stock Exchange, Cote d’Ivoire]: BRVM (The Regional Stock Exchange of eight West Africa) closed its trading session today, higher than the previous day for both BRVM 10 index and BRVM Composite. BRVM 10 index rose from 271.78 to 273.94 points, a gain of 0.79%. BRVM Composite index gained 0.51% to 263.17 against 261.83 points previously. The equity market capitalization was recorded at XOF 6,492.71 billion. Likewise, the traded value was recorded at XOF…

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