FINANCIAL MARKET HEADLINES
| MOROCCO | ALUMINIUM DU MAROC | 2021 DPS raised to MAD 110 instead of MAD 100 initially announced
The Ordinary General Meeting of Aluminum du Maroc was held on June 2nd 2022. It decides to payout a DPS of MAD 110 for the FY 2021 instead of MAD 100 initially announced. This dividend will be paid from June 30th 2022. The ex-dividend date is scheduled on June 21st 2022.
ECONOMIC HEADLINES
| MOROCCO | CEMENT | Domestic consumption down 3% at the end of May 2022
In May 2022, cement sales increased by 7.1% to 945,617 tons. In this context, cement domestic consumption since the beginning of the year stood at 5,276,248 tons, down 3.1% year-on-year.
| WAEMU | INFLATION | Consumer prices up 6.8% y-o-y in April 2022
According to the Central Bank of West African States (BCEAO), the inflation rate within the WAEMU zone reached 6.8% in April 2022.
| MOROCCO | SURVEY | Decline in activity in April 2022
The results of Bank Al-Maghrib's monthly business survey show a decline in both production and sales in April 2022, compared to the previous month. In this context, the production capacity utilization rate stood at 72% during the same period. In addition, or-ders would have fallen with order books lower than their normative level
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