Stay ahead with the latest reports, earnings calls, and market commentary from the Casablanca Stock Exchange.
Taqa Morocco reported a 17% decrease in net profit for the first half of 2025, attributed to lower energy costs and unfavorable currency exchange rates. The company continues to strengthen its financial position while diversifying its operations.
European stock markets experienced gains following the Federal Reserve's decision to lower interest rates. Major indices in Paris, Frankfurt, and London all showed positive movement.
The Central Popular Bank Group reports a 12.8% increase in net profit for the first half of 2025, driven by growth in both agricultural and non-agricultural sectors. Total consolidated resources reached 393.9 billion Dirhams.
Immorente Invest will distribute its third quarterly dividend of 2025 on October 2, with a payment of 1 DH per share. The company has adopted a quarterly payment schedule for its dividends.
LEMO reports a consolidated revenue of 1.52 billion dirhams for the first half of 2025, marking an 11% increase from the previous year. The company also sees significant improvements in EBITDA and net profit.
The Moroccan government has authorized preliminary contracts for land allocation to five investors for green hydrogen projects, following a successful preliminary phase of the "Chbika 1" project.
The Federal Reserve is likely to lower interest rates amid a slowing labor market and rising inflation. Markets anticipate at least two more quarter-point cuts by year-end.
The Federal Reserve has implemented its first rate cut since December, with new economic projections indicating further reductions and revised GDP growth forecasts.
AGMA reported a 7.9% increase in net profit attributable to the group (RNPG) for the first half of 2025, reaching 38.5 million dirhams. Revenue also grew by 9.2% compared to the previous year.
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The latest figures show a minor consolidation in UCITS assets, totaling 813.6 billion dirhams, with mixed performance across various fund categories.
Eurostat's revised inflation estimate for August shows a stable rate of 2%, aligning with the European Central Bank's target. Energy prices contributed to this stability, while food and service prices saw slight changes.
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.