Daily Financial Briefing
MOROCCO
05 August 2026
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Morocco — Daily Financial Briefing

05 August 2026

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1. MARKET OVERVIEW

IndexLevelChange% Change
Casablanca Stock Exchange (MASI)14,872.30+112.45+0.76%
MADEX12,041.60+88.20+0.74%
Market Capitalisation (MAD bn)748.50+5.60+0.75%
Daily Turnover (MAD mn)423.80——
52-Week High (MASI)15,104.70——
52-Week Low (MASI)13,218.40——

Top Gainer: Attijariwafa Bank +2.14% | Top Loser: Maroc Telecom −0.98%

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2. CURRENCY AND FOREX

Currency PairRateChange% Change
USD / MAD9.8820−0.0310−0.31%
EUR / MAD10.7450+0.0180+0.17%
GBP / MAD12.5630+0.0240+0.19%
JPY / MAD (per 100)6.7210−0.0120−0.18%
SAR / MAD2.6340−0.0080−0.30%
CNY / MAD1.3580−0.0050−0.37%

Bank Al-Maghrib Reference Rate (USD/MAD): 9.8820

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3. ECONOMIC INDICATORS

IndicatorValuePeriodPrior
GDP Growth Rate (y/y)3.8%Q1 20263.5%
Inflation Rate (CPI y/y)2.9%June 20263.1%
Unemployment Rate11.4%Q1 202611.8%
Current Account Balance (USD bn)−2.41Q1 2026−2.67
Foreign Reserves (USD bn)38.60July 202637.90
Import Cover (months)5.8July 20265.7
Policy Interest Rate (%)2.75Aug 20262.75
Public Debt / GDP (%)68.42025 FY69.1
Budget Deficit / GDP (%)−4.22025 FY−4.6

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4. BANKING SECTOR

IndicatorValuePeriod
Total Banking Assets (MAD bn)1,842.30June 2026
Total Credit to Economy (MAD bn)1,124.70June 2026
Non-Performing Loans Ratio (%)8.1June 2026
Loan-to-Deposit Ratio (%)84.6June 2026
Capital Adequacy Ratio (%)15.3June 2026
Overnight Lending Rate (%)3.00Aug 2026
Overnight Deposit Rate (%)2.50Aug 2026

Attijariwafa Bank share price: MAD 512.40 (+2.14%) | BCP share price: MAD 298.60 (+0.87%)

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5. TRADE AND INVESTMENT

IndicatorValuePeriodPrior
Exports (MAD bn)34.20June 202632.80
Imports (MAD bn)47.60June 202646.10
Trade Balance (MAD bn)−13.40June 2026−13.30
Remittances (MAD bn)11.80June 202610.90
FDI Inflows (MAD bn)5.30Q1 20264.70
Tourism Receipts (MAD bn)9.40June 20268.60
Phosphate Exports (MAD bn)8.10June 20267.80

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6. KEY FINANCIAL NEWS

  • **Bank Al-Maghrib** holds policy rate at **2.75%** following August MPC meeting.
  • **OCP Group** reports H1 2026 net profit of **MAD 7.2 bn**, up **+11.3%** year-on-year.
  • **Moroccan Treasury** successfully issues **MAD 4.5 bn** in 10-year T-bonds at **3.85%**.
  • **Maroc Telecom** H1 2026 revenue: **MAD 19.8 bn**, net income **MAD 4.1 bn**.
  • **Casablanca Finance City (CFC)** registered **14 new international firms** in Q2 2026.
  • **World Cup 2030** infrastructure spending reaches **MAD 28 bn** cumulative disbursement.

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    7. OUTLOOK

    IndicatorForecastPeriodSource
    GDP Growth4.1%FY 2026IMF
    Inflation (CPI)2.7%FY 2026Bank Al-Maghrib
    Current Account / GDP−2.8%FY 2026World Bank
    Budget Deficit / GDP−3.9%FY 2026Moroccan Finance Ministry
    FDI Inflows (MAD bn)24.50FY 2026AMDIE
    Tourism Arrivals (mn)17.8FY 2026Ministry of Tourism

    Next Bank Al-Maghrib MPC meeting scheduled: 23 September 2026.

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