Morning Brief september12th 2023

FINANCIAL MARKET HEADLINES
| MOROCCO | IMMORENTE | Payment schedule of the 3rd and 4th quarterly DPS in 2023
In a press release, Immorente announces the schedule adopted for the payment of the 3rd and 4th quarterly DPS during the year 2023. This is as follows:
- 3rd quarterly DPS:
- Amount: MAD 1 /share;
- Ex-dividend date: September 18th 2023;
- Payment date : September 26th 2023.
- 4th quarterly DPS:
- Amount: MAD 1 /share;
- Payment date : December 21st 2023.

ECONOMIC HEADLINES
| MOROCCO | SURVEY | The production capacity utilization rate up to 75% in July 2023
The results of Bank Al-Maghrib's monthly economic survey show an improvement in production and a stagnation in sales during the month of July 2023. In this context, the production capacity utilization rate (TUC) stood at 75% compared to 74% in June 2023. Likewise, orders would have increased during the same period, with order books which would have settled at a normal level.

| TUNISIA | KEY RATE | The Central Bank keeps the key rate unchanged at 8%
Following its monetary policy meeting held on September 7th 2023, the Central Bank of Tunisia (BCT) decided to keep the key rate unchanged at 8%.

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