The Moroccan Capital Market Authority (AMMC) released its October 2024 reports on share buyback programs by listed companies. These monthly declarations reveal activity by several major corporations, including BCP and Maroc Telecom, in managing their own shares.
BCP (Banque Centrale Populaire) purchased a total of 1,027,631 shares in October, with 1,008,139 of those acquisitions made under its liquidity contract, at an average price of 289.69 dirhams per share. The bank also sold 892,587 shares at an average price of 290 dirhams per share, spanning both the liquidity contract and its share buyback program. At the end of October, BCP held 1,371,163 shares.
Maroc Telecom engaged in share buybacks on both the Casablanca and Paris markets. On the Casablanca Stock Exchange, the company purchased 196,863 shares, of which 137,992 were acquired under a liquidity contract, at an average price of 90.68 dirhams per share. Additionally, Maroc Telecom bought 4,017 shares on the Paris market at 8 euros per share. In October, the company also sold 76,487 shares in Casablanca (52,992 under the liquidity contract) at an average price of 91.13 dirhams, and 2,245 shares in Paris at 8.19 euros.
By month-end, Maroc Telecom retained a total of 339,928 shares, accounting for 0.039% of its capital. This includes 184,376 shares on the Casablanca market and 155,552 on the Paris market.
Unlike BCP and Maroc Telecom, Stokvis Nord Afrique did not conduct any buy or sell transactions in October. The company continues to hold 394,579 shares, representing 4.291% of its capital.
