Morocco

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

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

Moroccan stocks registered impressive gains in the first month of 2010, with the

Recent bullish signals from the Moroccan equity markets suggest that the downtrend in the

As we stated yesterday, there is likely to be considerable selling pressure when GCC equity markets re-open following the Eid holiday (see 'Dubai Default: Implications Beyond The... 2009-11-27

A number of sovereign bonds across the Middle East and North Africa (MENA) region have rallied significantly over the course of 2009, but this bull run is showing signs of running... 2009-11-09

BMI View: While most global equity markets are looking good, Morocco's technical outlook is not particularly inspiring, and we are outright negative on Tunisia.

Moroccan stocks are bucking the regional (and global) trend, having staged a rapid recovery since the start of the year. The benchmark Morocco All-Share Index (MASI) pushed through... 2009-02-26

Moroccan stocks have bounced over the past week, but we remain cautious in light of the poor economic outlook. The Morocco All-Share Index (MASI) has been on a downward trajectory... 2009-01-22

The Morocco All-Share Index (MASI) continues to look weak on a technical basis, with further downside likely. There is some support around 10,500, but with the index already down... 2008-12-03