Stay ahead with the latest reports, earnings calls, and market commentary from the Casablanca Stock Exchange.
In December 2025, U.S. annual inflation remained stable at 2.7%, driven by declining energy prices, particularly fuel costs. However, rising food and housing prices continue to exert pressure on living costs.
The MASI index achieved a remarkable 27% increase in 2025, marking its best performance in nearly a decade. Looking ahead, analysts anticipate continued growth in 2026, driven by key economic catalysts and sector-specific opportunities.
Saham Bank has launched nabD, a fully online banking platform aimed at enhancing digital presence and providing innovative financial services tailored for younger generations. This rebranding reflects the bank's commitment to democratizing access to banking in Morocco.
Morocco's economy is expected to grow by 4.2% in the first quarter of 2026, driven by robust domestic demand and public investment, despite external challenges impacting growth. Inflation continues to decline, reflecting favorable agricultural conditions and stable monetary policy.
On January 13, 2026, the Moroccan Capital Market Authority approved Risma's prospectus for a public capital increase, issuing 1.5 million new shares valued at 450 million MAD. The subscription period is set for January 26 to January 30, 2026.
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.
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.
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.
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.
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.