Research & Analysis

The dirham is depreciating this week against the dollar given the greenback's bullish stance internationally.

Our interest in SNEP stock comes in an unprecedented international context marked by the sustainability of PVC prices at profitable levels rarely observed. During the last three quarters, the price of this product has remained above 1,700 $/T against less than 1,000 $/T historically.

A new cycle of growth is emerging. "Faithful" to a rather modest growth rate but without great volatility over the past decade, the Moroccan economy experienced a real departure from its trajectory with a recession in 2020 of -6.3%.

Moroccan banks do not to subscribe to BAM's currency buyback operations for the second week in a row, following calls for tenders on the interbank foreign exchange market.

The results of the various methods computed in this 19th edition - November 2021.    

During the last auction session in the interbank foreign exchange market, Bank Al-Maghrib did not carry out any transactions on the MAD.

In this 11th edition, we analysed the AGR Africa Bond Index evolution during Q3-21.

Moroccan banks do not to subscribe to BAM's currency buyback operations for the second week in a row, following calls for tenders on the interbank foreign exchange market.

For this edition, we note a continued improvement in investor confidence toward the Equity market.