FINANCIAL MARKET HEADLINES
| MOROCCO | CFG BANK | Maghreb FS crossed downwards the 5% participation threshold
According to AMMC, Maghreb FS SARL sold on the central market, on December 29th 2023, 350,700 CFG Bank shares at the price of MAD 141.25 per share, thus crossing directly downwards the participation threshold of 5% in CFG Bank’s capital. Maghreb FS SARL holds, as of January 3rd 2024, 48 CFG Bank shares.
| MOROCCO | CIMENTS DU MAROC | Procimar crossed upwards the 5% and 10% participation thresholds
According to AMMC, Procimar received from Heidlberg Materials Italia Cementi S.p.A, on December 26th 2023, 935,900 Ciments du Maroc shares, thus crossing directly upwards the participation thresholds of 5% and 10% in the capital of Ciments du Maroc.
As a result of this operation, Procimar holds 1,443,646 Ciments du Maroc shares, representing 10% of the company’s capital. Within the six months following this operation, Procimar intends to stop its purchases of Ciments du Maroc.
ECONOMIC HEADLINES
| MOROCCO | VEHICLES | Sales almost stable in 2023
In 2023, sales of new cars in Morocco reached 161,504 units, slightly rising by 0.1% compared to 2022. In more detail, sales of passenger vehicles displayed an increase of 1.5% to 145,292 units while those of light commercial vehicles fell by 11.0% to 16,212 units.
| TUNISIA | INFLATION | An inflation rate of 8.1% in December 2023
According to the National Statistics Institute (INS) of Tunisia, the consumer prices index increased by 0.6% in December 2023 compared to the previous month. On an annual basis, the inflation rate stood at 8.1% in December after 8.3% in November 2023.
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