News

Attijari Global Research Overview on the Moroccan Economy Extrait : The Moroccan economy is characterized by a diverse landscape.

Nezha Zahidi, International Trade Finance Manager, explores intra-African trade, highlighting the potential of this continent. She looks at the Group's African footprint and its capabilities to provide support for its clients international development.

At the end of the 3rd quarter of 2023, the 67 listed companies having released their quarterly results showed a modest growth in their revenue of +4.8% to MAD 74.4 Bn.

CFG Bank is the first bank to list on the stock market since BCP Group in 2004. This operation will be carried out through a capital increase of MAD 600 Mn equivalent to a floating rate of 15.6%.

The first half of 2023 was marked by a visible deceleration in the inflation level both internationally and nationally. In fact, the inflation rate in Morocco declined from a high of 10.1% in February to 5.5% in June 2023. 

Casablanca, September 22nd, 2023 – It is within this framework, and to mark a new chapter in the collaboration between economic and institutional operators in the two countries, that Attijariwafa bank has co-organized, alongside its Chinese partners, the Beijing Municipal Bureau of Financial Supervision, the Morocco representative offices of China [...]

During our survey conducted in September, we identified investors' expectations regarding the evolution of the Moroccan central bank’s key rate during its 3rd monetary policy meeting scheduled on September 26th 2023..

During the 2nd quarter of 2023, listed companies' achievements took place in a context marked by a slowdown in the inflation level in Morocco. The latter fell from a high of 10.1% in February to 5.5% in June 2023.

The orientation of the stock market in recent years confirms, in our opinion, its high sensitivity to bonds. In  2022, the bullish reversal of the yield curve in Morocco was accompanied by an annual underperformance of the MASI index of -20%.