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Keywords: Stock Exchange


Abivax soars over 385% on Paris stock exchange after promising clinical trial results

Shares of French biotechnology company Abivax skyrocketed by more than 385% on Wednesday morning on the Paris Stock Exchange, following the release of encouraging results from two advanced-stage clinical trials. The surge was triggered by the company’s announcement that its experimental drug Obefazimod......

Vicenne group's IPO oversubscribed 64 times!

The Moroccan Vicenne Group’s Initial Public Offering (IPO) has been met with exceptional demand, with the subscription overbooked by 64 times. The company successfully raised 500 million dirhams through a capital increase, with an overwhelming 32 billion dirhams requested, equivalent to 136 million......

Strengthening ties: Morocco and Mauritania enhance parliamentary cooperation

Moroccan and Mauritanian relations are on the rise as the two countries continue to forge partnerships in various sectors. Most recently, they have reached an agreement to advance their economic cooperation, with Morocco poised to assist Mauritania in establishing the Nouakchott Stock Exchange. Morocco......

Moroccan dirham strengthens against dollar as market stability returns

The Moroccan dirham has appreciated by 2.3% against the US dollar while experiencing a slight decline of 0.6% against the euro, as reported by Bank Al-Maghrib (BAM). This currency fluctuation indicates a brief period of strength for Morocco's national currency amidst ongoing financial adjustments. In......

Morocco and Mauritania forge partnership for Nouakchott Stock Exchange

Morocco and Mauritania have reached a significant milestone in their economic collaboration with the signing of a protocol agreement to establish the Nouakchott Stock Exchange. This development marks a new chapter in the relationship between Rabat and its southern neighbor. Formalized on Thursday between......

Casablanca Stock Exchange's MASI Surges Over 20% in Q1 2025

The Casablanca Stock Exchange's main index, the MASI (Moroccan All Shares Index), experienced a remarkable surge of 20.19% in the first quarter of 2025, concluding at 17,756.02 points. This impressive performance is a continuation of a strong start to the year, marked by a 2.13% rise on the very......

Jong Wei Strengthens Investments in Morocco amid Slowed Asian Expansion

The Chinese group "Jong Wei," a specialist in battery materials production, has announced a slowdown in its expansion across Asia, suspending a project in South Korea and postponing two others in Indonesia. However, the company reaffirmed its commitment to strengthening investments in Morocco,......

Morocco aims to expand capital markets with ambitious stock exchange growth plan

Following the successful public debut of irrigation company CMGP, Morocco has unveiled plans to triple the number of companies listed on the Casablanca Stock Exchange by 2035. CMGP's December 2024 initial public offering (IPO) saw its stock value surge 75% post-listing, drawing unprecedented investor......

Moroccan dirham shows mixed performance as central bank boosts financial system

The Moroccan dirham demonstrated varied performance in foreign exchange markets during January 16-22, appreciating 0.6% against the US dollar while declining 0.5% against the euro, according to Bank Al-Maghrib (BAM). During this period, BAM reported no currency auction operations in the foreign exchange......