Stay ahead with the latest reports, earnings calls, and market commentary from the Casablanca Stock Exchange.
The Syrian Ministry of Energy announced the resumption of heavy oil exports from the port of Tartous after a 14-year hiatus. The first shipment of 600,000 barrels was sent on Monday, marking a significant step for the country's oil sector.
Istiqlal economists in Morocco are advocating for higher investment caps on savings products to enhance savings dynamics and support purchasing power amid rising inflation.
Gold reached an intraday peak of $3,508.50 per ounce before stabilizing at $3,487.55. The demand for safe-haven assets remains strong amid monetary policy expectations and political uncertainties.
The Fez-Meknes Regional Investment Center has initiated a Call for Expressions of Interest to select investors for tourism projects aimed at enhancing the city's tourism infrastructure.
The Managem Group has produced its first gold bar from the Boto mine in Senegal, marking a significant milestone in its West African gold strategy. The project represents a €350 million investment and aims for an annual production of 160,000 ounces.
The Treasury and External Finance Directorate announces projected borrowing needs for September 2025, ranging from 15 to 15.5 billion dirhams. This is an increase from August's forecast of 12 to 12.5 billion dirhams.
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Marsa Maroc plans to invest 4 billion dirhams to enhance the ports of Casablanca and Jorf Lasfar, focusing on container traffic and bulk activities. This initiative aims to significantly increase operational efficiency and capacity.
In August, the eurozone's inflation rate rose to 2.1%, driven by an increase in unprocessed food prices and a slower decline in energy costs. Core inflation remained stable at its lowest level since January 2022.
The Casablanca Stock Exchange maintains its upward momentum, with the MASI index rising by 0.23% to 20,118.53 points. Key stocks show significant gains, while overall market activity remains robust.
The MASI index surpassed the 20,000-point mark for the first time, achieving a monthly performance of 2.14%. The engineering and industrial goods sectors led the gains, while several sectors experienced declines.
The Casablanca Stock Exchange reported a 7% increase in total revenue for listed companies in the first half of 2025, driven by strong performances in banking, construction, and healthcare sectors.
European markets show positive movement as investors prepare for a busy month ahead. The CAC 40, Dax, and FTSE all report gains, while Wall Street remains closed for Labor Day.