The Morocco Stock Exchange has been incurred by the largest frequency since 2020
The shares in Morocco dropped at the beginning of the week, as the most important market index has decreased on the largest frequency since 2020, which has been influenced by a global decline as a result of the effects of the trade war, which is increasing due to the latest US Customs Lights. The losses of the Casablanca Stock Exchange began after US President Donald Trump announced the customs tariffs last week, but it ended today, Monday, with a greater decline as the most important index “Mazi” fell by more than 5.64% in the closure of the market, which is the highest rate in five years. As a result, the market value of the stock exchange dropped by about 40 billion dirhams compared to last Friday. The main index has dropped from the level of 17 thousand points it has kept since last month, which reduced the stock profit from the beginning of the year to about 10%, after it was about 20% before the announcement of mutual customs duties. The morale of investors is affected “The unstable international context makes it difficult to set expectations about profits and revenue for companies because the current trade war is broadcasting fear and panic among investors, which is why we see a decline in the main index of Morocco Stock Exchange,” according to Tariq Amar and Jerome Boumneong, the administrative partners of the African financial investment in a “already sharq” maintenance. The red color overwhelmed most of the shares of the businesses listed in the Moroccan stock market, with the exception of a few companies that recorded an increase, including the company “Marbids”, “Sanlam Morocco” for insurance and “Maghreb”. While the declines were the ‘fam’ shares of insurance and ‘Outta Hall’ for cars above. According to the two analysts at the Moroccan research business, a possible orientation versus alternative to the current trade war and its effects for the economy is possible to have investors towards alternative assets with less risks away from stocks. They added: “Investors can now produce accounts in the light of uncertainty, amid expectations of high inflation and slowdown in global growth, and this affects the work of Moroccan businesses, especially those trading abroad.” “The most difficult in the current situation is the high fog in terms of the continuation of the trade war, its consequences and its extent of its consequences,” according to Amar and Boumantell. They added: “No one knows where we are going and what can happen in the future. The absence of vision is the most difficult challenge that investors and economics generally face.” Last year, the Moroccan stock exchange benefited from a local dynamic supported by major projects implemented by Morocco in preparation for the presentation of the 2030 World Cup in partnership with Spain and Portugal, which made the shares of a large number of listed businesses to their highest levels, especially in the banks and construction sectors that directly benefit from infrastructure projects.