AfriBiz Info
Written by: Editorial Staff on March 3, 2012.on March 2, 2012.
The MORALSI gained a marginal 0.4% over the week to 11,439.2. Top gainers were Taslif (+15.9%), Fertima (+6.0%), SCE (+6.0%), Wafa Assurance (+5.7%) and Balima (+5.5%) whilst the top decliners were Acred (-10.6%), Brasseries Dumaroc (-5.8%), Zellidja SA (-5.8%), Diac Salaf (-5.4%) and Sofac (-5.2%). Maroc Telecom, Attijariwafa Bank and Douja Prom Addoha were the usual top traders, exchanging MAD 50.3m (USD 6.0m), MAD 29.9m (USD 3.6m) and MAD 23.1m (USD 2.8m) worth of stock respectively. They accounted for 54% of a total of MAD 192.2m (USD 22.9m) traded on the bourse over the week. The MORALSI is currently +3.7% (+6.0% in USD terms) YTD and total market cap is USD 63.2bn.
In Rabat, On 29 Feb, Agricultural Minister Aziz Akhennouch warned Moroccans to brace for low yields in its harvest this year. He attributed the low tempretures and and lack of rainfall, particularly in the Gharb, Loukous and Rabat-Sale-Zemmour-Zaer regions as the chief cause. Sugar cane and potatoes are expected to be the worst affected crops.
Source:African Alliance
Posted by Editorial Staff on March 3, 2012.
