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.
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 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.
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%.
MAD Insights November 30th 2023
The USD/MAD pair fell -0.47% this week from 10.16 to 10.11, a 3-month low. This variation is due to a negative basket effect of -0.22% related to the weakening of the Dollar this week. The market effect, for its part, came out also negative at -0.25% in favor of the Dirham.
MAD Insights november 22nd, 2023
The USD/MAD pair fell -0.87% this week from 10.25 to 10.16, a 2-month low. This evolution is explained by a negative basket effect of -1.04% related to the weakening of the Dollar this week. The market effect, for its part, stands at +0.17%.
MAD Insights november 17th 2023
The USD/MAD pair fell -0.11% from 10.26 to 10.25 this week. This evolution is explained by a negative basket effect of -0.23%, more significant than the market effect which came out in positive territory at +0.12%.
MAD Insights november 10th 2023
The USD/MAD pair depreciated by -0.32% from 10.29 to 10.26 this week. The ECB and the Fed took a break in their last monetary policy meeting and the consensus does not foresee further interest rate hikes by the end of 2023.
MAD Insights october 20th 2023
The USD/MAD pair depreciated by -0.19% from 10.29 to 10.27 this week. This evolution is explained by a positive basket effect of +0.21% related to the appreciation of the dollar internationally and a negative market effect of -0.40% which is explained by a drop in liquidity spreads on the Moroccan interbank foreign exchange market this week.
