FINANCIAL MARKET HEADLINES
| MOROCCO | LABEL VIE | Results of the capital increase reserved for the Group¡¦s employees
The results of the capital increase reserved for Label Vie employees are as follows:
- Subscribed amount : MAD 227,970,996;
- Requested shares : 69,652;
- Attributed shares : 54,995;
- Demand satisfaction rate : 78.96%;
- Attributed amount : MAD 179,998,635.
ECONOMIC HEADLINES
| MOROCCO | VEHICLES | Sales down 7% at the end of November 2022
In November 2022, sales of new cars in Morocco amounted to 11,288 units, down 12.9% compared to November 2021. Meanwhile, cumulative sales since the beginning of the year recorded a decline of 7.4% to 145,289 units. In more detail, sales of passenger vehicles fell by 6.3% to 128,895 units and those of light commercial vehicles dropped by 15.4% to 16,394 units.
| CEMAC | EXPORTS | The price index of exported commodities up 0.5% in Q3-22
According to the Bank of Central African States (BEAC), the overall price index of commodities exported by CEMAC countries rose by 0.5% in Q3-22 compared to the previous quarter. This is due to the overall increase in the prices of energy products (+2.9%) against a drop in non-energy products (-5.8%).
| MOROCCO | CEMENT | Domestic consumption down 9% at the end of November 2022
In November 2022, cement sales dropped by 9.5% y-o-y to 1,111,977 tons. In this context, cement domestic consumption since the beginning of the year stood at 11,544,378 tons, down 9.2% compared to the same period of the previous year.
| MOROCCO | SURVEY | Drop in production in October 2022
The results of Bank Al-Maghrib's monthly business survey show a drop in production in October 2022, compared to the previous month. In this context, the production capacity utilization rate stands at 74%. Meanwhile, sales would have increased in the for-eign market and would have remained stable in local market. Orders would have fallen during the same period with orders books lower than their normative level.
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