Mad_weekly

MAD Insights February 15th, 2024

The Dollar appreciates against the Dirham this week to 10.04 after 10.01 the previous week, a variation of +0.23%. This evolution is explained by a basket effect of +0.37% following the strengthening of the Dollar. The liquidity effect, for its part, stands at -0.14% in favor of the Dirham.

Mad_weekly

MAD Insights February 9th, 2024

The Dollar goes back above 10 Dirhams The Dollar appreciated against the Dirham this week to 10.01, a variation of +0.36%. This variation is explained by a double effect: a basket effect of +0.06% following the appreciation of the Dollar internationally and a liquidity effect of +0.30% to the disadvantage of the Dirham.

Mad_weekly

MAD Insights February 2nd, 2024

The Dollar appreciated slightly against the Dirham this week to 9.98, a variation of +0.12%. This evolution is mainly explained by a basket effect of +0.13% after the appreciation of the Dollar internationally this week.

Mad_weekly

MAD Insights January 26th 2024

The Dollar appreciated slightly against the Dirham this week to 9.97, a variation of +0.17%. This evolution is explained by a basket effect of +0.50% following the strengthening of the Dollar internationally this week.

Mad_weekly

MAD Insights January 4th 2024

The dirham appreciated slightly at the end of the year against the dollar, going from 9.91 to 9.89. Thus, the USD/MAD pair closes 2023 with a drop of -0.18%.

Mad_weekly

MAD Insights November 22nd 2023

The USD/MAD depreciated this week by -0.47% from  10.15 to 10.10. This evolution is mainly explained by a negative basket  effect of -1.00% following the depreciation of the Dollar internationally this week.

EQUITY DECEMBER

Listed companies results Q3-23

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.

Mad_weekly

MAD Insights December 7th 2023

The USD/MAD pair fell by -0.29% from 10.11 to 10.08. This is the 6th consecutive decline on a weekly basis to a 3-month low. This evolution is due to a negative market effect of -0.42% which was able to largely offset a positive basket effect of +0.13% this week.

IPO

AGR-IPO CFG 2023

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%.