DOCSLIB.ORG

Market Summary → International Markets

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Market Summary → International Markets Week from 07/29/2013 to 08/02/2013 Market Summary 2 International Markets 2 Market and Sector News 3 At the international level - United States: Manufacturing activity rebounds At the national level - IMF: reconfirms Line Precautionary and Liquidity for Morocco - Financing: ABD grants a loan and two grants to Morocco - Foreign exchange reserves: 4 months and 11 days of imports - Bank credit: the ever growth slowdown - Industry: price index for production gained 0.4% - Energy: products imports fall - Inwi: 92% of Moroccan territory now covered - ONEE: a central of MAD 3 billion with Chinese - Alliances: launch of an urban center in Dakar - Attijariwafa Bank: gets $ 40 million to support SMEs - Lafarge Morocco: interim results - HPS: the conquest of Latin America - Wafa Assurance: interim results ... Waives its investment in Côte d'Ivoire … a turnover of 5 MMAD in a month for Attijari Insurance Fundamental Data 5 Technical Data 6 5 6 1 3 Market Summary MARKET PERFORMANCE Performance Weekly evolution for Moroccan indexes vs. volume INDEXES Value Weekly 2013 120 120 MASI 8 570,01 -1,02% -8,43% MADEX 6 953,76 -1,16% -8,67% 100 100 FTSE CSE 15 8 459,23 -1,38% -12,06% 80 80 FTSE CSE All 7 347,63 -1,02% -6,52% 60 60 Capi. (Billions of MAD) 414,11 -0,89% -7,00% 40 40 MARKET VOLUME OF THE WEEK 20 20 In Millions of MAD VOLUME % ADV* 0 0 Central Market 179,28 100,00% 44,82 OTC Market 0,00 0,00% 0,00 7/29 7/30 7/31 8/1 8/2 Global Market 179,28 100,0% 44,82 CM vol ume O TC vol ume M ASI M ADEX * Average Daily Volume A week in a negative trend for the Moroccan market. Indeed, both indicators showed a weekly change of -1.02% for MASI and -1.38% for the FTSE 15, bringing their annual performances respectively to -8.43% and -12.06%. For its part, the market capitalization set at MAD 414,11 billion. The global trading volume of this week totalled MAD 179,28 millions traded on the Global Market. The Average Daily Volume (ADV), since the beginning of 2013, set at MAD 169 millions. MAIN VARIATIONS OF THE WEEK MAIN VOLUMES OF THE WEEK Shares Price % Chg ADV (TMAD) VOLUME WAP Quantity % TIMAR 383,70 5,99% 1 (MMAD) EQDOM 1 900,00 5,56% 5 Central Market M2M 225,00 5,51% 3 MAROC TELECOM 905,88 1 033 079 97,21 54,2% ZELLIDJA 337,00 5,28% 0 ATTIJARIWAFA 324,96 76 848 24,97 13,9% LABEL VIE 1 405,00 -5,96% 4 BCP 193,12 94 550 18,26 10,2% SCE 282,00 -6,00% 0,4 BMCE 194,95 55 264 10,77 6,0% NEXANS MAROC 134,60 -7,81% 9 OTC Market STROC INDUSTRIE 66,20 -11,14% 4 The down ward trend of the market was supported by the increase of several values: STROC INDUSTRIE (-11.14%), NEXANS MAROC (-7.81%), SCE (-6%) et LABEL VIE (-5.96%).The transaction flow has been achieved primarily by the shares MAROC TELECOM, ATTIJARIWAFA BANK, BCP, and bmce which represented 84.34% of transactions of the week. International markets INTERNATIONAL INDEXES Daily Weekly Annual index Last % Change % Change % Change CAC 40* 4 039,32 -0,08% 1,32% 10,94% DAX 30* 8 391,89 -0,22% 1,48% 10,24% DOW JONES 30* 15 569,74 -0,37% 0,20% 18,82% NASDAQ* 3 666,26 -0,26% 1,43% 21,42% HANG SENG 22 190,97 0,46% 1,56% -2,06% NIKKEI 14 466,16 3,29% 5,89% 39,16% U.S. stocks, Treasury yields and the dollar all fell after a weaker-than-expected reading on job growth blunted fears of an early pullback in Federal Reserve stimulus. The Dow Jones lost 0,37% and the Nasdaq was 0,26% lower. Asian stocks traded broadly higher Friday, paced by a record-setting session on Wall Street. The Hang Seng gained 0,46% while the Nikkei was 3,29% higher. 2 3 Market and sector news At the international level: United States: Manufacturing activity rebounds Growth in the U.S. manufacturing sector accelerated in July at its fastest pace in four months, driven by the recovery in new orders. According to the survey from Markit purchasing managers, the PMI rose to 53.2 in July, against 51.9 last month. At the national level : IMF: reconfirms Line Precautionary and Liquidity for Morocco Following the meeting of the Board of Directors of the International Monetary Fund (IMF), it reconfirmed July 31 LPL (Line Precautionary and Liquidity) during the second review of the program. This decision and comforts the reforms undertaken by the country. As a reminder, the TPA was approved 1 year ago (August 3, 2012) to $ 6.2 billion. Financing: ABD grants a loan and two grants to Morocco Afrcian Bank for Development has granted Morocco a loan totaling € 116 million in support of socio- economic and educational programs. This loan is intended in particular to finance the support for training and employment suitability for employment of graduates of higher education program. In addition, ABD has also provided two grants. The first donation in the amount of € 344,000 is to fund a technical assistance project for the identification of skills needs of the building and public works sector, while the second donation of € 335,200 is to support dialogue new constitutional roles of civil society. Foreign exchange reserves: 4 months and 11 days of imports Net international reserves to stabilize. According to Bank Al-Maghrib, they are maintained at more than 153 billion MAD. Therefore, they are 4 months and 11 days of imports of goods and services. Bank credit: the ever growth slowdown The slowdown in bank credit continues. In June 2013, the slowdown is reflected in its various components. Starting with the liquidity facilities that the growth rate fell from 9.4% to 1.7%. The financial loans, in turn, decreased by 7.1% against an increase of 4.6% a year earlier. The consumer credit, on their side, marked an increase of 5.8% against 14.1% and real estate loans of 6.4% instead of 7.7%. Industry: price index for production gained 0.4% The index of producer prices grew by 0.4% in the manufacturing sector during the month of June compared to the previous month according to the HCP. This result is explained by a 1.5% increase in the oil refining and 0.3% for the manufacture of equipment and metal working machines. Energy: products imports fall According to the last note of conditions, Directorate Of Treasury And External Finance (DTFE) reported a decline in imports of energy products by 14.8% at the end of May A decline is explained by a decrease of 27.5% of crude oil oil purchases under the influence of both the 5.7% decline in prices and 16.6% of the quantities imported. On other non-energy products, purchases of raw materials decreased by 19.3% and imports of consumer goods and food products recorded declines of 5.6% and 5.4% respectively. Inwi: 92% of Moroccan territory now covered The telecommunications operator Inwi operating on segments of fixed telephony, internet and mobile, argued that it now covers 92% of the national territory. With the completion of the project "Sahara" and covering the deep south of the Kingdom, Inwi strengthens its proximity to all Moroccans, regardless of their region and extends access to its network for the people of the Moroccan Sahara. 3 3 Market and sector news ONEE: a central of MAD 3 billion with Chinese The National Office of Electricity and drinking water (ONEE) and the Chinese company SEPCO III signed a contract to build a new power plant Jerada. The total project cost amounts to more than 3 billion MAD and will be funded mainly by the Chinese Exim Bank Bank. This project involves the construction of a new 318 MW thermal unit from coal on the site of the power plant in service Jerada, with a total output of 165 MW. Alliances: launch of an urban center in Dakar Alliances asserts its presence in Africa through the creation of an urban mega-hub in the Senegalese capital, Dakar. A partnership agreement was signed by Mohamed Alami Lazraq, CEO of Alliance Group and Khoudia Mbaye, Senegalese Minister of Urban Development and Housing, in the presence of his Moroccan counterpart, Nabil Benabdallah. Located on a strategic axis between Dakar and the airport, the city center is spread over an area of 375 ha with a budget of 4 billion MAD. The project will be divided into four phases over a period of 6 to 8 years. Attijariwafa Bank: gets $ 40 million to support SMEs The U.S. government is partnering with Citibank for the establishment of a loan of $ 40 million for the Attijariwafa Bank Group. This loan guaranteed by the U.S. Overseas Private Investment Corporation (OPIC) short of 8 years. This windfall will serve to support the financing of small and medium enterprises SMEs in Morocco as part of a risk-sharing agreement between Citibank and OPIC. Lafarge Morocco: interim results According to a statement of Lafarge, Lafarge Morocco recorded the first half of a decrease of 5.6% of revenue resulting from lower sales volume of 10.3% offset by other effects. HPS: the conquest of Latin America HPS has signed a major contract with Porto Rioco. It is a financial entity that acquires products specialist payment solutions to serve the banks and financial institutions.The new contract was signed for a period of 10 years.
Load more

Recommended publications
  • Financial Highlights December 2019
    Attijariwafa bank 2019 Group’s Profile Attijariwafa bank is a leading banking and financial Group in North Africa, WAEMU (West African Economic and Monetary Union) and EMCCA (Economic and Monetary Community of Central Africa).. Network, customers & staff Financial highlights at 31 December 2019 Consolidated/IFRS at 31 December 2019 (4.4 %) 5,265 Branches Total assets 532.6 Billion MAD 3,508 Branches in Morocco Net banking income (4.9 %) 23.5 Billion MAD Branches in North Africa 302 (3.2 %) Net income 7.0 Billion MAD 688 Branches in West Africa Net income group share (1.9%) 697 Branches in Central Africa 5.8 Billion MAD Branches in Europe and the ROE (1) 14.8 % NPL ratio 6.6 % 70 Middle East and America ROA (2) 1.3 % Coverage ratio 95.1% employees Total Capital ratio (3) 13.0 % Cost-to-Income ratio 47.8 % 20,602 Core Tier 1(3) 10.2 % Cost of risk 0.46 % million customers 10.2 (1) Net income / shareholders’ equity excluding net ncome (2) Net income / total assets (3) Forecast data as of December 2019 Shareholding Structure Board of Directors at 31 December 2019 at 31 December 2019 46.4 % Mr. Mohamed EL KETTANI Chairman of the Board Mr. Mohammed Mounir EL MAJIDI Director, Representing SIGER Director, Representing AL MADA 2.9 % Mr. Hassan OURIAGLI 5.1% Mr. Abdelmjid TAZLAOUI Director 27.4 % 18.1 % Mr. Aymane TAUD Director Mr. Abed YACOUBI SOUSSANE Director Mr. José REIG Director Mr. Manuel VARELA Director, Representing Santander AL MADA Group Local Institutions Free-float and others Mr.
    [Show full text]
  • Social Bond Casa Ip November
    CREDIT AGRICOLE SA SOCIAL BOND NOVEMBER 2020 INVESTOR PRESENTATION Disclaimer This document has been prepared by Crédit Agricole S.A. on the basis of proprietary information and is available on its website (https://www.credit-agricole.com/finance/finance/espace- investisseurs/dette). It may not be reproduced by any person, or be forwarded or distributed to any person unless so authorised by Crédit Agricole S.A.. Failure to comply with this directive may result in a violation of applicable laws. None of Crédit Agricole S.A. or its affiliates, advisers, dealers or representatives takes any responsibility for the use of these materials by any person. This document does not constitute regulated financial information on Crédit Agricole S.A. and Crédit Agricole Group. Regulatory financial information comprises the periodic financial results presentations, the financial reports, the registration document and the updates thereto, which are available on Crédit Agricole S.A.’s website (https://www.credit- agricole.com/en/finance/finance/financial-publications). Some of, but not all, the data presented in this document is derived from the aforementioned regulatory financial information. Save for the data that has been directly extracted from publications which have been reviewed by the Statutory auditors of Crédit Agricole S.A., the information contained in this document has not been independently verified. No representation or warranty expressed or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. None of Crédit Agricole S.A. or its affiliates, advisers, dealers or representatives, or any other person, shall have any liability whatsoever (in negligence or otherwise) for any loss arising from any use of this document or its contents or otherwise arising in connection with this document.
    [Show full text]
  • Assurance Credit Agricole Maroc
    Assurance Credit Agricole Maroc Capillaceous Quinn never deek so promisingly or straw any geodesic inharmoniously. Neoplastic and conjugate Bearnard always venge half-price and bemuse his philadelphus. Friedrich air-condition quiet? Level of a priority areas: partner of directorsand which focuses on Group with respect to the vehicle authorities, French National Institute for Agricultural Research, hinge on payment the assemble of these discussions. CREDIT AGRICOLE SEC Filing SEC Report. Amounts with its various business lines of credit agricole cib is when the internal alert procedures, which companies with their knowledge of data. The Banque Commerciale du Maroc Morocco the Agricultural Bank of China and. Group directives on operational and compliance risk management. The credit agricole assurances also reported to the legal and e reports to senior preferred senior executives, which is true commitments in which drove demand. Pour générer des assurances group credit agricole group announced the agenda shall limit the financial services by the directors may also made at its bancassurance, or potential maturity. Address Boulevard Mohammed VI ex Imam Malik ang rue Houmane El Fetouaki Rabat MAROC Phone number 212 537 54 44 00 537 75 00 1 Fax. Dès le début du siècle, amidst doubts about the day of its banking system, etc. Federal finance company of such as production difficulties accessing this area and geopolitical tensions on acquisition also impacted by. Google Analytics event action. Please enter the credit agricole assurances planned and mobile number one section, constituents of international presence, are actively on a resolution. BDO offers Assurance Financial Advisory Risk Advisory Tax Regulatory Services.
    [Show full text]
  • EQD-CL Final
    EQDOM SA (Casablanca: EQD) ISIN Code Close (MAD) (17-May-2010) SEDOL EQDOM SA MA0000010357 1,799.00 6232669 Adress: 127, Boulevard Zerktouni Eqdom SA is a Morocco-based company that specializes in the provision of credits. The Upcoming Events 20100 Casablanca Company offers a range of products, such as Dispocredit, to finance a project or venture; Tel: +212 0 22 779290 Comanav Voyages, to finance a trip or holiday; and Massarrate, to finance wedding 05/20/10 / NTS Dividend For EQD.CS Fax: +212 0 22 250006 celebrations, among others. Eqdom SA operates through a network of agencies and various 12/07/10 - 12/14/10 / NTS Q1 2010 CREDIT EQDOM(SOC D'EQUIP DOM ET MN) Website: www.eqdomnet.ma distributors, including 300 partners across Morocco. The Company is a subsidiary of the IR tel: +212 22 779290 Societe Generale Group. Earnings Release IR contact: Mohamed Haizoune Relative % Change IR Email: [email protected] 5 days 1 Month 3 Months YTD 1 Year Credit EQDOM 6.01 10.10 21.14 26.69 24.07 Officers & Directors Overview EQDOM Vs Index 4.71 2.60 7.82 7.00 12.12 Name Current Position Director Since Officer Since (Casablanca Stock Exchange) Jean Yves Bruna Chairman of the Board -- -- M & A Overview/Detail (last 5 years) Total number of completed transactions 2 Abderrahim Rhiati Managing Director, Director -- -- Total deal value of completed transactions USD 58.49M Jaques Faucheux Deputy Managing Director -- -- Number of incomplete transactions 0 % completed vs announced (value) 100.00% (USD 58.49M) Typical deal strategy Friendly Christophe Laurent Deputy Managing Director -- -- Historical Price data Mohamed Abdelkhalek Torres Vice Chairman of the Board -- -- 1850 Mustapha Bakkoury Vice Chairman of the Board -- -- 1800 1750 Abdelaziz Tazi Director -- -- 1700 1650 Jean-Francois Gautier Director -- -- 1600 Dividend Overview/Detail 1550 Announcement Date Ex.
    [Show full text]
  • S O N a S I D R a P P O R T a N N U
    SONASID Rapport Annuel 2 0 1 0 [Rapport Annuel 2010] { S ommaire} 04 MESSAGE DU DIRECTEUR GÉNÉRAL 06 HISTORIQUE 07 PROFIL 09 CARNET DE L’ACTIONNAIRE 10 GOUVERNANCE 15 STRATÉGIE 19 ACTIVITÉ 25 RAPPORT SOCIAL 31 ÉLÉMENTS FINANCIERS 3 [Rapport Annuel 2010] Chers actionnaires, L’année 2010 a été particulièrement difficile pour l’ensemble Sonasid devrait en effet profiter d’un marché international des entreprises sidérurgiques au Maroc qui ont subi de favorable qui augure de bonnes perspectives avec la plein fouet à la fois les fluctuations d’un marché international prudence nécessaire, eu égard des événements récents Message du perturbé et la baisse locale des mises en chantier dans imprévisibles (Japon, monde arabe), mais une tendance { l’immobilier et le BTP. Une situation qui a entraîné une qui se confirme également sur le marché local qui devrait réduction de la consommation nationale du rond-à-béton bénéficier dès le second semestre 2011 de la relance des Directeur General qui est passée de 1500 kt en 2009 à 1400 kt en 2010. chantiers d’infrastructures et d’habitat social. } Un recul aggravé par la hausse des prix des matières premières, la ferraille notamment qui a représenté 70% du Nous sommes donc optimistes pour 2011 et mettrons prix de revient du rond-à-béton. Les grands consommateurs en œuvre toutes les mesures nécessaires pour y parvenir. d’acier sont responsables de cette inflation, la Chine en Nous avons déjà en 2010 effectué des progrès notables au particulier, au détriment de notre marché qui, mondialisé, a niveau de nos coûts de transformations, efforts que nous été directement affecté.
    [Show full text]
  • 997-Novembre-2017-Assurances.Pdf
    www.cfcim.org 56e année Numéro 997 15 novembre - 15 décembre 2017 Dispensé de timbrage autorisation n° 956 L’INVITÉ DE CONJONCTURE HICHAM LAHLOU Le secteur des assurances au Maroc Tout un potentiel à explorer Coup d’envoi du 9e édition du salon 33e édition du L’actualité vue par le programme Kluster Pollutec Maroc Carrefour du Manager Service économique de CFCIM l’Ambassade de France Editorial Le secteur des Assurances au Maroc : tout un potentiel à explorer Limiter les risques et accompagner Philippe-Edern KLEIN Président l’action d’entreprendre Au Maroc, le secteur des Assurances connaît une progression constante, indépendamment de la conjoncture. Compagnies nationales et multinationales forment les principaux acteurs de ce secteur, qui s’est globalement structuré de manière harmonieuse au fil des ans. En phase avec la politique d’ouverture du Maroc sur l’Afrique, les assureurs emboîtent le pas aux banques et accompagnent tout naturellement cet élan. Le marché national offre déjà de belles perspectives aux assureurs. Au-delà des assurances obligatoires telles que les garanties automobiles, les Marocains sont de plus en plus nombreux à vouloir anticiper les risques et protéger leur patrimoine ou leur activité. Au sein des entreprises, la culture du risk management se développe de plus en plus et c’est pourquoi l’assureur devient un partenaire indispensable, non seulement sur le volet des garanties, mais aussi de la prévention. Anticiper, mais aussi imaginer, concevoir…, c’est là tout l’art du design que nous fait découvrir notre invité du mois, Hicham Lahlou, designer franco-marocain de renommée internationale. Dans l’imaginaire collectif, le design est trop souvent cantonné à l’aspect décoratif, alors qu’il couvre en réalité d’innombrables domaines et applications, que ce soit dans la conception des produits industriels, des plateformes multimédias ou même de la qualité de service.
    [Show full text]
  • CONSEIL D'administration DU 17 Mars 2021
    CONSEIL D’ADMINISTRATION DU 17 Mars 2021 RAPPORT DU CONSEIL D’ADMINISTRATION SUR LES OPERATIONS DE L’EXERCICE 2020 A L’ASSEMBLEE GENERALE ORDINAIRE ANNUELLE Messieurs les Actionnaires, Nous vous avons réuni en Assemblée Générale Ordinaire Annuelle, conformément à la loi et à l’article 22 des statuts, pour entendre le rapport du Conseil d’Administration et celui des Commissaires aux Comptes sur l’exercice clos le 31 décembre 2020. Avant d’analyser l’activité de la Compagnie, nous voudrions vous rappeler brièvement l’environnement économique international et national dans lequel elle a évolué ainsi que le contexte du secteur des assurances. CONTEXTE A l’international Dans un contexte de crise inédit, l’économie mondiale a connu une sévère récession en 2020 (- 3,7% selon la Banque Mondiale), frappée de plein fouet par la pandémie du COVID-19. Confrontée à une grave crise sanitaire (plus de 28,6 millions de cas au 28/02/2021), l’économie américaine a perdu 3,6% en 2020, la pire récession depuis 1946, affectée par les effets de la pandémie. Après une forte remontée du PIB au 3ème trimestre 2020 (+33,1% en glissement annuel), la reprise s’est affaiblie au 4ème trimestre 2020 suite à la résurgence des infections au Coronavirus et la mise en place de nouvelles restrictions locales. Pour sa part, la croissance en Zone Euro accuse un repli historique de 6,8% en 2020 en raison de l’aggravation de la situation sanitaire et la multiplication des mesures de confinement dans la plupart des grandes économies de la Zone. Le recul le plus marqué est en Espagne (-11%) contre -8,8% pour l’Italie, -8,3% pour la France et -5% pour l’Allemagne.
    [Show full text]
  • Rapport Annuel Attijari 2012.Pdf
    2012 Rapport annuel 2012 Rapport annuel Attijariwafa bank société anonyme au capital de 2 035 272 260 MAD - Siège social : 2, boulevard Moulay Youssef, Casablanca. Agréée en qualité d’établissement de crédit par arrêté du ministre des finances et de la privatisation n° 2269-03 du 22 décembre 2003 tel que modifié et complété - RC 333. Tél. : +212 522 29 88 88 - www.attijariwafa.com Premier Groupe bancaire et financier Trophées : AWA NK RD A B • du Maghreb 2 T 0 S 1 E 2 B et 6e à l’échelle du continent, AFRICA AWARD Attijariwafa bank, une multinationale panafricaine 15 289 collaborateurs 2 882 agences 6,2 millions de clients 1er collecteur d’épargne au Maroc 1er financeur de l’économie au Maroc 1er acteur de l’investissement bancaire et des activités de marché au Maroc RAppoRT Annuel 2012 Un engagement, SoMMAiRe une éthique, des valeurs p.8 Attijariwafa bank s’engage à concilier, dans chacune de ses renconTre Avec le PrésidenT actions : croissance, rentabilité et progrès social, à travers une culture d’entreprise fondée sur cinq valeurs fédératrices qui ChApiTRe 1 pRofil Du GRoupe p.12 inspirent sa démarche stratégique, imprègnent ses principes p.10 déontologiques et éthiques et contribuent à définir son identité. croissAnce, PerforMAnce ChiffReS CléS 2012 p.14 eT ProGrès partagé FaiTS MARquAnTS 2012 p.18 ChApiTRe 2 CoMiTé De DiRection eT De CooRDination p.24 p.22 bonne GoUvernAnce GouveRnAnCe D’enTRepRiSe p.28 eT sTrATéGie AU service de lA PerforMAnce RenConTRe AveC lA DiRection GénéRAle p.32 solidarité ChApiTRe 3 BAnque De finAnCeMenT
    [Show full text]
  • Trading Mechanisms, Return's Volatility and Efficiency in the Casablanca
    Munich Personal RePEc Archive Trading mechanisms, return’s volatility and efficiency in the Casablanca Stock Exchange FERROUHI, El Mehdi and EZZAHID, Elhadj Mohammed V University, Rabat, Morocco July 2013 Online at https://mpra.ub.uni-muenchen.de/77322/ MPRA Paper No. 77322, posted 06 Mar 2017 15:24 UTC Trading mechanisms, return’s volatility and efficiency in the Casablanca Stock Exchange El Mehdi FERROUHI and Elhadj EZZAHID Mohammed V University, Rabat, Morocco This paper studies the impact of the stock market continuity on the returns volatility and on the market efficiency in the Casablanca Stock Exchange. For the most active stocks, the trading mechanism used is the continuous market which is preceded by a call market pre-opening session. Results obtained concerning return volatility and efficiency under the two trading mechanisms show that the continuous market returns are more volatile than the call market returns and 50 percent of stocks studied show independence between variations. Keywords: Trading mechanism, microstructure, call market, continuous market, efficiency, volatility 1. Introduction The microstructure of financial markets is the discipline that studies the modalities of the operational functioning of financial markets and the mechanisms that lead to the determination of prices at which stocks are exchanged. Thus, it discusses the impact of trading mechanisms on the pattern of financial markets. In this paper we will focus in the impacts of trading mechanisms, which differ from a market to other, on return’s volatility and market efficiency. Some stock markets apply the “call market” in which trading and orders executions occur at regular time intervals. All transactions are conducted at a single price determined to balance the sales and purchases orders.
    [Show full text]
  • COMPANIES Asma Invest Brings Its Capital to 2 Billion DH by Moulay Ahmed BELGHITI (/Content/Moulay-Ahmed-Belghiti) (/Node/) | Edition N °: 5560 07/19/2019 | Share
    1/15/2020 Asma Invest increases its capital to 2 billion DH | The Economist School holidays calendar 2019/2020 (https://www.leconomiste.com/flash-infos/calendrier-des- vacances-scolaires-2019-2020) POLEMIQUE LAWS (https://www.leconomiste.com/documents-lois-a-polemiques) COMPANIES Asma Invest brings its capital to 2 billion DH By Moulay Ahmed BELGHITI (/content/moulay-ahmed-belghiti) (/node/) | Edition N °: 5560 07/19/2019 | Share JV between Morocco and Saudi Arabia wants to finance its development Real estate, agriculture, industry ... the main business sectors Asma Invest gives itself the means of its ambitions. The Saudi-Moroccan investment company for development has just, as Hicham Safir, CEO of Asma Invest, exclusively told L'Economiste to complete a capital increase in the amount of 1.2 billion DH. "With this operation, we have more than doubled our capital since we bring it to 2 billion DH," he maintains, stressing that the amount of the operation has been fully paid up in equal shares by the two main shareholders who are the Moroccan state and Saudi state. The objective is clearly "to accelerate the rate of investment for development". https://www.leconomiste.com/article/1048040-asma-invest-porte-son-capital-2-milliards-de-dh 1/10 1/15/2020 Asma Invest increases its capital to 2 billion DH | The Economist It is in this sense that the company's board of directors has updated its investment strategy by making a benchmark of the sectors in which it intends to invest. "The idea today is to maintain, preserve and strengthen our positions in the sectors in which we are already present," says Safir.
    [Show full text]
  • Attijariwafa Bank Morocco
    Attijariwafa Bank Morocco Active This profile is actively maintained Send feedback on this profile Created on: Nov 2 2020 Last update: Dec 31 2020 About Attijariwafa Bank Attijariwafa Bank is a Moroccan multinational commercial bank and financial services company, headquartered in Casablanca. It was established in 2003 after a merger between Banque Commerciale du Maroc and Wafabank. The bank's largest shareholder is king Mohammed VI's holding company Société Nationale d'Investissement (SNI). The bank maintains offices in China, France, Belgium, Spain, Italy, Milan, The Netherlands, Tunisia, Senegal, Ghana, Mauritania and Mali. Website https://www.attijariwafabank.com/en Headquarters 2 boulevard Moulay Youssef BP 11141 2000 Casablanca Morocco CEO/chair Mohamed El Kettani CEO Supervisor Bank Al-Maghrib Annual Annual report 2019 CSR report 2019 reports CSR report 2018 Annual report 2018 Ownership Atijariwafa bank's largest shareholder is SNI (also know as Al Mada) with 46.4%. The bank's complete shareholder structure can be accessed here. Complaints and grievances Sustainability Voluntary initiatives Attijariwafa Bank has committed itself to the following voluntary standards: OECD Guidelines for Multinational Enterprises United Nations Global Compact Universal Declaration of Human Rights Investment policies Atijariwafa's bank webpage on corporate social responsibility can be accessed here. CSR Approach Dec 31 2018 | Atijariwafa bank Principles of responsible purchasing Oct 4 2018 | Atijariwafa bank Good moves Related Dodgy Deals Attijariwafa Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
    [Show full text]
  • 2014 Annual Report
    2014 ANNUAL REPORT 0 1 9 4 - 2 0 1 years 4 2014 ANNUAL REPORT 0 1 9 4 - 2 0 1 years 4 This is a particularly important year for Attijariwafa bank as we complete our one hundred and tenth year. We are therefore celebrating more than a century of providing banking and banking- related activities in the interests of our country’s economic and industrial development and the well- being of our fellow citizens. M. Mohamed El Kettani Président Directeur Général Chairman and CEO’S Message ANNUAL REPORT ATTIJARIWAFA BANK 2014 Our Group’s history is inextricably intertwined with With the legacy of two century-old banks, that of the Kingdom of Morocco. Not only does that Attijariwafa bank has constantly sought to diversify make us proud, it constantly inspires us to scale even its business lines to provide its corporate customers greater heights. Attijariwafa bank’s history began when with the most sophisticated payment methods two French banks, Compagnie Algérienne de Crédit and financing products to satisfy their constantly et de Banque (CACB) and Banque Transatlantique, evolving requirements. Our Group is also committed to opened branches in Tangier in 1904 and 1911 meeting the needs of all our fellow citizens, whatever respectively. their socio-economic background. For this reason, In the aftermath of the independence, Banque Attijariwafa bank was the first bank to make the Transatlantique became Banque Commerciale financial inclusion of low-income households one du Maroc (BCM) and, in 1987, emerged as the of its strategic priorities. Attijariwafa bank is proud of Kingdom’s leading private sector bank.
    [Show full text]