Stay ahead with the latest reports, earnings calls, and market commentary from the Casablanca Stock Exchange.
The Casablanca Stock Exchange begins the week positively, driven by strong demand in the mining sector amid a global rally in precious metals. The MASI index shows a notable increase, while the MASI 20 faces slight declines due to banking and construction sector pressures.
The MASI index kicks off 2026 with an upward momentum, driven by a favorable economic environment and strong profit outlooks. This report highlights key market trends, catalysts, and critical technical levels.
Gold has reached unprecedented levels due to a significant increase in demand for safe-haven assets, driven by concerns over the Federal Reserve's independence and escalating geopolitical tensions. Recent developments include a criminal investigation into Fed Chairman Jerome Powell and expectations of interest rate cuts in the U.S.
Effective January 1, 2026, specific denominations of Moroccan banknotes will no longer be considered legal tender. Bank Al-Maghrib assures the public that these notes can be exchanged without conditions until the end of 2030.
The nominal interest rate for the upcoming coupon on five-year treasury bonds has been set at 2.30%, effective April 17, 2026, following a quarterly review as per established guidelines.
The surge in gold prices above $4,000 per ounce in 2025 signaled a significant shift in the monetary landscape, while silver's remarkable 140% annual increase highlighted its rising importance as both an industrial and financial asset. Mining companies like Managem and SMI have seen substantial stock price adjustments reflecting these changes.
Gold prices have reached a new high, exceeding $4,590 per ounce, driven by concerns over Federal Reserve independence and escalating geopolitical risks. Market expectations for interest rate cuts further fueled demand for safe-haven assets.
European markets are poised for a cautious opening as investors react to comments from Federal Reserve Chairman Jerome Powell regarding potential legal threats from the Trump administration. This situation raises questions about the Fed's independence and its implications for monetary policy.
Beginning February 1, 2026, the Saudi Exchange (Tadawul) will welcome all foreign investors, including individuals, marking a significant shift in its investment landscape. This move aims to enhance market liquidity and attract global capital amid recent performance challenges.
The Moroccan Treasury has successfully raised 4.1 billion dirhams in its January auction, with strong demand for short to medium-term bonds. As of now, total issuances for the month stand at 7.5 billion dirhams, highlighting ongoing investor interest amidst potential supply pressures.
On January 10, 2026, Wall Street achieved record highs with the S&P 500, Dow Jones, and Nasdaq all posting significant gains. The labor market showed stability, albeit with slower growth, as tech stocks, particularly in semiconductors and AI, led the rally.
As 2026 unfolds, the dirham is expected to benefit from a stable domestic monetary framework and favorable external conditions, despite potential fluctuations in the USD. Analysts predict a gradual appreciation against the dollar, with key technical levels guiding the currency's movements.