Stay ahead with the latest reports, earnings calls, and market commentary from the Casablanca Stock Exchange.
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.
Last week, the Fed announced its first rate cut of the year, leading to expectations of further reductions. This has significantly boosted gold prices, which have risen 40% since the beginning of the year.
Abdellatif Jouahri emphasized the need for increased monetary cooperation among Arab countries during the 49th session of the Council of Governors of Arab Central Banks. He highlighted the challenges posed by recent political and economic shocks.
Markets are anticipating a 25 basis point reduction in Fed funds, with expectations of a cumulative easing of about 67 basis points by year-end. Geopolitical developments and industrial demand are tightening the physical silver market.
Bond managers in Morocco are shifting towards equities, with nearly 2% of their assets now in stocks, driven by the search for better yields. This trend reflects a significant change in management practices.
Attijariwafa bank reports a 0.9% increase in credit volume for the first half of 2025, with expectations for further growth driven by major projects and investments in sub-Saharan Africa. BKGR raises its price target amid strong financial performance.
Gold futures have reached new highs following a weaker US jobs report, fueling expectations of a Fed rate cut. Demand for the precious metal is also supported by geopolitical risks and trade uncertainties.
The growth of the money supply in Morocco has slowed, primarily due to a deceleration in bank credit to the non-financial sector and a stagnation in official reserve assets.
Abdellatif Jouahri has received an "A" rating from Global Finance, making Bank Al-Maghrib the only Arab central bank to achieve this distinction. The annual report evaluates central bank governors from 101 regions worldwide.
Bank stress tests are simulations designed to assess the financial resilience of banks against major economic shocks. Recent tests in Morocco evaluated the impact of various scenarios on the country's eight largest banks.
As of the end of 2024, Morocco's collective management industry shows a net asset value of 653.2 billion dirhams, with significant concentration among institutional investors.
Bank Al-Maghrib has rebounded from a net loss in 2022 to record significant profits in 2024, driven by effective management of foreign exchange reserves and increased market interventions.