Stay ahead with the latest reports, earnings calls, and market commentary from the Casablanca Stock Exchange.
Bank Al-Maghrib is implementing the Supervisory Review and Evaluation Process (SREP) to enhance the capital and risk governance of Moroccan banks. The initiative aims to align local regulations with international standards and improve banks' resilience.
Gold prices have reached $4,030.68 per ounce, marking a 53% increase this year. Investors are seeking safety amid global economic uncertainties and Federal Reserve policies.
The Casablanca Stock Exchange's MASI index experienced a slight decline, closing down 0.64% while maintaining a year-to-date gain of 27.68%. Trading activity remained moderate with a total volume of 334 million dirhams.
The Casablanca stock market's profitability increased by 48.2% in the first half of 2025, driven by strong performances in telecommunications and banking sectors. A recent survey reveals a positive market sentiment despite some sector weaknesses.
The profit pool of listed companies in Morocco surged by over 52% in the first half of 2025, driven primarily by Maroc Telecom and the banking sector. Overall revenue reached 169.3 billion dirhams, reflecting significant contributions from various sectors.
Bank Al-Maghrib reports an 8.3% annual increase in the money supply for August, driven by various factors including net claims growth and changes in bank deposits.
S&P has upgraded Morocco's credit rating, citing a balanced macroeconomic mix, gradual public finance consolidation, and strong economic growth prospects. Despite challenges, the agency sees a solid trajectory for the Moroccan economy.
The upgrade of Morocco's sovereign rating to Investment Grade marks a significant turning point, enhancing macroeconomic fundamentals and attracting international capital flows. This shift is expected to improve market conditions and investor confidence.
The liquidity deficit has decreased as Bank Al-Maghrib's seven-day advances fell. Treasury placements also declined, while the average weighted rate remained stable.
HPS reported a decline in financial indicators for the first half of 2025, attributed to currency effects and a transition to a SaaS model. Despite this, management remains confident in achieving significant growth in EBITDA and net income.
Morocco's exchange rate reform is progressing gradually, with the next phase expected to involve a complete abandonment of the euro/dollar currency basket. The official targeting of inflation is anticipated to begin in 2027.
HPS has secured two significant agreements with major Asian financial institutions, each valued at tens of millions of dollars, set to enhance revenue and EBITDA in the second half of 2025.