BMCE Capital Global Research (BKGR) foresees a solid earnings expansion for Moroccan listed companies in 2026, led by banks, mining groups and insurers. The research house expects the Scope 40 net profit after tax to climb 9.7% to MAD 49.7 bn in 2026 and another 7.3% in 2027, with mining alone accounting for almost half of the profit growth.

U.S. President Donald Trump announced on Monday that the air‑and‑naval operation scheduled for Tuesday against the Islamic Republic of Iran has been suspended. The decision follows urgent requests from Qatar’s emir, Saudi Arabia’s crown prince and the UAE president, who say ongoing diplomatic talks could produce an acceptable deal, especially one that guarantees Iran will have no nuclear weapons.

European equities opened higher on Tuesday after US President Donald Trump announced the suspension of a planned Iranian strike and hinted at a diplomatic breakthrough with Tehran. The rally was reflected across the CAC 40, DAX, FTSE 100 and broader European indices, while Brent crude fell about 1.5% and bond markets steadied after recent sell‑offs.

LabelVie announced a robust 15.9% year‑on‑year revenue increase to MAD 4.818 billion for the first quarter of 2026, driven by a 15.6% rise in its grocery‑sales segment and the opening of 31 new stores across Morocco. The group also disclosed a 71 million‑MAD investment in Q1 and outlined its Vision 2028 growth plan, targeting a 15% sales uplift and an EBITDA margin close to 9.3%. A strategic merger with Retail Holding S.A. was confirmed, creating a single listed entity that could become a dominant player in the Moroccan modern retail market.

The Casablanca Stock Exchange’s main index (MASI) erased most of its April rally, closing the week down 2.81% at 18,419 points on a turnover of DH1.38 bn. The market’s performance is being shaped by a surge in mining‑related trading, especially Managem, which now accounts for more than 15% of total market capitalisation. Inflation is back in positive territory and quarterly results are trickling in, adding further uncertainty to the near‑term outlook.

European equity markets are likely to start the week in negative territory as oil prices rally and bond yields keep climbing. The CAC 40, DAX and STOXX 600 are all forecast to open lower, while geopolitical flare‑ups in the Middle East keep risk sentiment elevated.

Investors will also be watching Nvidia’s upcoming earnings report for clues on the AI sector’s momentum, and G7 finance ministers are set to convene in Paris to discuss global economic imbalances and critical mineral supply chains.

Moroccan food processor Dari Couspate posted a modest but solid increase in revenue for the first half of 2019, reaching MAD 286.02 million – up 3.16 % year‑on‑year. The growth comes despite a challenging economic backdrop, indicating the company’s resilience and ability to maintain sales momentum.

The firm also noted a 2.9 % rise in Q2 sales to MAD 135.4 million compared with the same period in 2018, reinforcing the upward trend observed in the first semester.

After a sharply negative week, the Casablanca Stock Exchange opened the new week with a modest rise. The MASI index closed up 0.16% at 18,448.30 points, trimming its annual under‑performance to –2.11%. The broader MASI‑20 index slipped 0.32%, indicating that the rebound was not uniform across the biggest stocks. Trading volume stayed modest at 211 million MAD, with the SMI stock leading the activity.

A series of ordinary general meetings (AGOs) will take place this week on the Casablanca Stock Exchange. Leading Moroccan firms such as CIH Bank, CFG Bank, Jet Contractors, and others will present their 2025 financial statements, decide on profit allocation, and propose dividend payouts. Most companies report strong net profits and attractive dividend offers, signalling a positive outlook for shareholders.

The Morocco Capital Markets Days (MCMD) 2026 in London attracted close to 200 participants, including a delegation of around 40 Moroccan listed firms, dozens of international investors and roughly 220 one‑to‑one meetings. The event was used to showcase Morocco’s return to Investment‑Grade status, the launch of a futures market and the country’s ambition to deepen its capital markets.

Keynote speeches from senior Moroccan officials and leading global rating agencies underlined the shift from credibility to scale, positioning Morocco as an emerging market that can now offer deeper, more transparent and internationally‑connected investment opportunities.

Crude oil prices kept climbing on Saturday, with the U.S. West Texas Intermediate benchmark rising over 4.5% in a single day to around $106 per barrel – a weekly gain of almost 11%. The surge is being fueled by the de‑facto closure of the Strait of Hormuz, which has choked off most maritime traffic and revived fears of a global supply shortfall.

Adding to the market volatility are conflicting statements from President Donald Trump and a stark warning from the International Energy Agency that oil supplies could stay significantly undersupplied until October, even if fighting eases soon.

The Moroccan dirham appreciated by 0.8 % against the euro and 0.3 % against the US dollar during the week of 7‑13 May 2026, according to Bank Al‑Maghrib. Official reserves fell to MAD 468.6 billion, while central‑bank interventions totalled MAD 155.5 billion on a daily average basis, and the MASI index edged lower by 0.2 % amid mixed sector performance.

A new econometric study of daily MASI returns from January 2025 to May 2026 reveals that the Moroccan market reacts far more sharply to bad news than to good news. Using a GJR‑GARCH(1,1) model, analysts found an asymmetry coefficient of 0.60, meaning negative shocks increase volatility almost 13 times more than positive ones. The spikes coincide with the 2025 US‑China trade‑tension episode and the February 2026 Iran conflict, underscoring the growing sensitivity of the MASI to geopolitical risk.

In a sweeping move to modernise its wealth‑management offering, BCP Group’s Private Banking wing announced a revamped brand platform backed by a bold “Building today the value of tomorrow” promise. The rollout goes hand‑in‑hand with the opening of new private‑banking centres in Casablanca and key Moroccan regions, signalling a commitment to deepen local presence and deliver bespoke, high‑touch service to affluent clients.

The rebrand is more than visual – it embeds a cohesive client experience, enhanced product suite and a territorial strategy that aims to make the private bank the go‑to partner for entrepreneurs, shareholders, professionals and international investors across Morocco.

Managem posted a dramatic 147% rise in Q1 2026 revenue, reaching 5.75 bn dirhams, as its newly‑started Boto gold and Tizert copper projects came online and metal prices stayed supportive. Capital spending fell 41% after construction completion, while net debt shrank by 871 mdh, underscoring stronger cash flows and a solid balance sheet.

The Moroccan government approved a supplemental decree on Thursday to open additional credits for the 2026 general budget. The measure, presented by the delegate minister for the Budget, aims to fund emergency actions linked to the war in the Middle East, protect the purchasing power of citizens by stabilising gas‑butane and transport tariffs, and cushion the impact of recent floods in northern regions.

The decree also reinforces the capital of several state‑owned enterprises and covers unforeseen expenses stemming from volatile international commodity markets, especially the surge in global natural‑gas, oil and coal prices.

Goldman Sachs Group posted results that beat consensus estimates for the third quarter of 2012. The bank managed to contain the fallout from its bond‑trading desk, saw a rise in its fee income, and delivered solid capital performance. The news was released alongside a roundup of other regional market headlines, ranging from oil‑pipeline projects in the Gulf to U.S. inflation data.

Morocco’s insurance sector recorded a robust 17.2% year‑on‑year increase in written premiums during the first quarter of 2026, topping 21.3 billion dirhams. Life lines surged 37% while non‑life grew 7.5%, and several sub‑segments such as unit‑linked savings posted spectacular gains.

The Casablanca Stock Exchange closed Friday with a modest decline across its main indices. The flagship MASI fell 1.74% to 18,419.21 points, extending its YTD drop to –2.27% and delivering a 2.81% loss for the week. Weak performance in the mining sector, led by Managem, SMI and CMT, weighed heavily on the market, while Salafin was the sole stock to post a notable gain.

SMI posted a first‑quarter 2026 revenue of 411 MDH, up 36 % year‑on‑year, while production volumes fell about 25 % due to a scheduled maintenance shutdown. The surge was driven by a 150 % rise in silver prices, which more than offset the volume dip. Capital spending reached 68 MDH, 84 % of which went to R&D for new mining infrastructure, and net debt improved to –374 MDH.