A new era for the Dirham
- Entry into force of the widening of the fluctuation band of the Dirham starting January 15th, 2018 after a long period of hesitation … ;
- …should not significantly disrupt the national economy according to the Governor of BANK AL-MAGHRIB ;
- Well oriented macroeconomic indicators in 2017 with an anticipated economic growth of 4.6% according to the Minister of Economy and Finance (vs. 4.0% for HCP and 3.9% for BMCE Capital Research );
- Morocco retained in COFACE's list of countries with a suitable risk by scoring the highest in the MENA zone;
- Adoption by the Government of the project decree concerning the determination of the activities carried out by the industrial companies eligible for corporation tax exemption for 5 years;
- Promising start for the stock market with performances of + 5.54% and + 5.48% respectively for MASI and MADEX ...;
- … And a slightly higher performance of the portfolio of securities recommended by BMCE Capital Research with gains of 5.88% at the end of January 2018.
BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.
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