
Market Weekly: Bond Market Shows Signs of Recovery
The bond market is experiencing a resurgence as investor confidence returns, signaling a potential shift in financial dynamics. This week's analysis highlights key trends and developments.
Stay ahead with the latest reports, earnings calls, and market commentary from the Casablanca Stock Exchange.

The bond market is experiencing a resurgence as investor confidence returns, signaling a potential shift in financial dynamics. This week's analysis highlights key trends and developments.

In November 2025, Bank Al-Maghrib reported a liquidity need of 128.9 billion dirhams, with average weekly liquidity injections at 142.5 billion dirhams. The interbank transaction volume decreased by 4.7% compared to the previous month.

Silver has surged to historic highs, while gold remains near record levels. Copper shows resilience, driven by long-term economic transformations.

The BCP Group has acquired full ownership of ABI, enhancing its control over a major pan-African financial platform. This move aligns with BCP's strategy to strengthen its presence in Africa and support regional economic development.

The U.S. economy showed solid growth in Q3, with GDP rising faster than in the previous period. Gold prices surged due to geopolitical tensions and strong central bank purchases.

The Moroccan banking system shows robust fundamentals, supported by a favorable macroeconomic environment. Recent data highlights significant growth in deposits and loans, alongside improved profitability and solvency.

M.S.IN has maintained its "Hold" recommendation for Attijariwafa Bank while upgrading BCP to "Buy." The analysis highlights growth prospects and dividend expectations for both banks.

Gold prices have surged to a record high of $4,400 per ounce, driven by expectations of interest rate cuts by the Federal Reserve and strong central bank purchases.

Bank credit to private non-financial companies shows a modest annual increase of 1.4%, with significant variations across sectors. Household credit also rises, driven by housing and consumer loans.

The money supply in Morocco increased by 7.4% in October, driven by various factors including changes in net claims on the central administration and bank credit growth.

Futures contracts indicate a positive opening for major European indices ahead of central bank meetings. The CAC 40, Dax, FTSE, and EuroStoxx 50 are all expected to rise.

Gold prices have surged over 60% this year, driven by central bank purchases and increased demand for safe-haven assets. The Federal Reserve's recent rate cut has sparked debate among policymakers regarding future easing.