Finance

The value of transactions decreased in 2014 on the Casablanca Stock Market, despite an increase in capitalisation

Tuesday, 01 September 2015 07:34

n 2014,the global volume of transactions executed on the Casablanca Stock Exchange was recorded at 49.8 billion dirhams, based on the results published by the management of this financial place. The performance has declined by 19.8% when compared to the value of stock-market transactions carried out in 2013 (62.14 billion dirhams), and this despite an increase of 23.5% in the number of transactions.

Over the same period though, the stock market capitalisation increased by 7.8%, from 451.1 billion dirhams in 2013, to 484.4 billion dirhams over the period of reference. A capitalisation largely dominated by companies in the banking sector (35.2%) and the sole company from the telecommunications sector, Maroc Telecom, which represents about 20.7% of the market.

The fall in value of transactions on the Moroccan stock market nevertheless shows some disparities. Transactions on the central market remained strong at 27.5 billion dirhams, increasing by 4.75%. Below-par performances were noted on the blocks market, decreasing by 46.5%, and capital increases which volume fell by 81.5%.

In these conditions, all the products from the company managing the Casablanca Stock market came under 89.16 million dirhams (119.4 dirhams in 2013). Though the total expenditure has also dropped to reach only 78.8 million dirhams (106 million dirhams in 2013), the net margin for the year 2014 was of 10.3 million dirhams (13.3 million dirhams in 2013).

On the same topic
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct deposits, improving efficiency and product...
EU, EBRD launch €26.5 million financing facility in Côte d’Ivoire Program targets SMEs with loans, co-financing and technical support Initiative...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, interoperable real-time payments All financial...
Okoumé Capital licensed as fund manager by regional regulator Approval enables expansion across Central African financial markets Firm aims to boost...
Most Read
01

A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...

Mitsubishi, Toyota Buy Options on Africa's Next Startups
02

ECOWAS and IMF sign cooperation framework to strengthen policy alignment West Africa’s grow...

ECOWAS and IMF Set New Framework to Align Policies Across West Africa
03

West African Development Bank plans CFA6,500 billion ($11.5 billion) in financing for 2026–2030. ...

BOAD Targets $11.5 Billion Investment in WAEMU by 2030 Under New ‘Djoliba’ Plan
04

Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...

Coca-Cola Plans $1 Billion Investment in South Africa After Nigeria Push
05

West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...

BOAD Commits $131.8 Million to Cotton Sector in Burkina Faso and Mali
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.