
African Stock Markets: 2025 Review and 2026 Forecast with Ouissem Barbouchi
Ouissem Barbouchi discusses the performance of African stock markets in 2025 and offers insights into expectations for 2026.
Stay ahead with the latest reports, earnings calls, and market commentary from the Casablanca Stock Exchange.

Ouissem Barbouchi discusses the performance of African stock markets in 2025 and offers insights into expectations for 2026.

The USD/MAD exchange rate has decreased by 0.4% due to a negative basket effect from the dollar's weakening against the euro. AGR advises operators to hedge their operations for 1 to 3 months.

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.

Brahim CHAMAR has been appointed as the new CEO of Fenie Brossette, succeeding Jamal BENYAHIA. He will lead an ambitious development plan for 2026-2030.

The Moroccan Treasury is expected to initiate bond buybacks next week, boosting market confidence and potentially leading to a year-end rally in the Casablanca Stock Exchange.

The Casablanca Stock Exchange closed the week positively, marking its fourth consecutive day of gains. The MASI index rose by 0.65%, bringing its weekly gain to 2%.

In November 2025, Morocco experienced a 0.6% decrease in the consumer price index, driven by a 1.3% drop in food prices. The underlying inflation indicator fell by 0.4% month-on-month and 0.9% year-on-year.

AKDITAL Group has signed a Memorandum of Understanding to acquire a majority stake in Bishri Hospital in Mecca, pending regulatory and operational conditions. This acquisition aims to enhance healthcare services in Saudi Arabia.

European markets are expected to open lower as investors react to recent central bank announcements. Initial indications suggest declines for major indices.

The Treasury and External Finance Directorate announced that December 2025 issuances will range between 7 and 7.5 billion dirhams, lower than November's 10 billion. Positive market signals have been noted recently.

The global memory component market is experiencing significant tension due to rising demand from AI data centers. This shift has led to a drastic reduction in supply and soaring prices, impacting computer assemblers and prompting a market reorganization.
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Since the beginning of the year, assets have shown a steady increase of 24.2%. Various categories of UCITS continue to experience growth.