BKB Weekly letter 08 11 17: Good performance on the last weekly session for the main indexes of the Casablanca Stock Exchange
- Alliances is still on top of the main volumes (MAD 31.2m, i.e. 0.9% of its equity);
- While SONASID continues to grow with an increase of 9.99% for the 2nd consecutive session;
- Observation of an OTC Market volume of 10,000 CTM shares exchanged at the unit price of MAD 920;
- Release of Cement statistics for the month of July showing an exceptional 42.2% increase in sales to 1.2 MT in July 2017 mainly due to the resumption of self-construction, which represents 40% of demand encouraged by the massive arrival of MRE and the revival of the public works market;
- Finally, and against all expectations, lending rates decline by 22 bps in Q2 2017 according to BAM's quarterly survey.
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