FINANCIAL MARKET HEADLINES
| MOROCCO | CSE | The AMMC revises the maximum variation thresholds of financial instruments
In the light of the current situation and given the evolution of stock market indicators, the Moroccan Capital Market Authority (AMMC) has decided to revise the maximum variation thresholds applicable to financial instruments listed in Casablanca Stock Exchange. Accordingly, as from today October 12th, 2021, the maximum upward or downward variation in the price of a financial instrument during a single trading session may not exceed the following thresholds :
- 6% of the reference price for continuously quoted equity securities;
- 4% of the reference price for equity securities quoted at fixing;
- 2% of the reference price for debt securities.
In addition, the maximum variation threshold for a capital security (excluding rights and securities of OPCs) newly admitted as part of a listing operation is set at 10% of the reference price during the first five trading sessions following its listing.
ECONOMIC HEADLINES
| SENEGAL | INFLATION | Prices up 3% y-o-y in September 2021
According to the National Agency for Statistics and Demography, the Harmonized Consumer Prices Index of Senegal increased by +0.6% in September 2021 compared to the previous month. Year-on-year, the inflation rate stands at +3.0% at the level of the community convergence threshold set at 3.0% by WAEMU.
Read More.
