Morocco

Global market turmoil has had an adverse impact on MENA equity markets, and we hold to our view that equities will continue to be roiled by both regional and global headwinds. The steep... 2011-08-09

Political risks continue to play a major factor in the performance of North African equity markets, in our view, and will likely keep regional indices from outperforming over the medium... 2011-06-30

Investor uncertainty continues to weigh on Morocco's All Share Index (MASI) and Tunisia's TUNINDEX, as North African equity markets are set to continue suffering from the effects of... 2011-04-01

Volatility will remain a key risk across asset classes in the Middle East and North Africa (MENA) region as uncertainty over political risk in Egypt continues in the early part of February.... 2011-01-31

Having topped out at MAD10.90/EUR at the end of Q210, the dirham has recently broken through support at MAD11.10/EUR, and we stress that the next level of support does not come in until... 2010-09-23

BMI View: The macroeconomic recovery taking place throughout the Middle East and North Africa (MENA) fails to inspire us, highlighted in the region's average sovereign risk rating remaining... 2010-09-02

We have warned of downside risks to a number of North African currencies for several months now (see 'Dollar Strength: Key Implications For MENA FX,' February 5 2010; 'EGP: Short-Term... 2010-05-05

The strong weekly close for Egypt's CASE-30 index is encouraging. The index gained 5% on Thursday (April) to close at 7,249, just shy of the 2009 peak level of 7,279. A move above... 2010-04-09

The Moroccan All Share Index (MASI) surged 1.8% on March 26 to close at 11,228, having traded sideways for two months around the 11,000 level. Strong gains in the coming weeks will... 2010-03-29

Yesterday's market turmoil has sent the euro tumbling back through support at US$1.3750/EUR, a development which could herald a period of renewed risk aversion, depending on today's... 2010-02-05