Morocco's Stokvis North Africa kept rising on Casablanca stock exchange despite the announcement of disengagement from an important partner.

Its shares has just completed four days in a row without a loss on the stock exchange even after Mitsubishi withdrew its license for exclusive representation on its Mitsubishi Forklift trucks.

The Japanese firm was said to be unsatisfied with the sales volume realized by Stokvis, despite a rise in the demand in such equipment from the industrial and warehousing sectors.

Stokvis is also engaged in a judicial battle with Fiat. The Moroccan firm indicates that Fiat’s decision to end their collaboration, after 20 years of partnership, has undermined its financial performances.

Its year-end result is to be monitored. Stokvis recorded losses in two consecutive semesters, at end December 2017 and end June 2018 namely.

Idriss Linge