Insights

After an issue of £á 1.0 Bn last September, the Moroccan Treasury succeeded this month the largest foreign currency fundraising in its history, equivalent to $ 3.0 Bn.

Listed companies’ operational achievements in the Q3-20 takes place within a context marked by the gradual recovery of economy, after a challenging period of strict population lockdown for more than 90 days.

This year, the semi-annual review of MSCI FM was marked by a major event. It concerns the exit of Kuwait, an important country which weighed up to 37% within this index. After Qatar, the United Arab Emirates and Argentina, Kuwait joins the emerging countries club by integrating the MSCI EM index.

Financial investors expectations towards the key rate in december 2020 Following our survey conducted in December, we have identified investors' expectations toward the evolution of the Moroccan central bank key rate by the end of 2020.

Faced with the Covid-19 pandemic, African countries reacted differently. Their approach took into consideration, of course, the level of contamination, but also the economic priorities and the leeway available to each country. As a result, the economic impacts contrast from one country to another. [...]

Analysis by Attijari Global Research of financial achievements in H1-20 with a focus on the listed banking sector. Highlight of major sector trends and update of the 2020-2021 forecasts.

During H1-20. CMT’s revenue reported a decline of -24.4% at MAD 189.5 Mn. This largely ex-pected evolution is explained by two factors.

The national economy is now facing an unprecedented situation marked by a double shock of supply and demand. This is due to the lockdown measures adopted both in Morocco and in most of its trading partners. In response to this challenging context, Bank Al-Maghrib has started a new era of monetary policy since mid-March 2020. [...]

Morocco risk premium analysis by Attijari Global Research