The Moroccan Capital Market Authority (AMMC) has published its monthly reports for July 2024, detailing the stock buyback activities by listed companies.
BCP’s active trading
Banque Centrale Populaire (BCP) was notably active, purchasing a total of 213,259 shares. Of these, 153,907 were acquired under a liquidity contract at an average weighted price of 303.96 Moroccan dirhams (MAD). On the selling side, BCP offloaded 619,049 shares, 454,371 of which were sold under the same liquidity contract, with an average weighted price of 295.95 MAD. By the end of July, BCP retained 142,029 shares, representing 0.07% of its total capital.
Maroc Telecom’s dual-market transactions
Maroc Telecom also engaged in significant buyback activities across both the Casablanca and Paris stock exchanges. The company bought 98,929 shares on the Casablanca market, including 71,871 shares under a liquidity contract, at an average price of 90.03 MAD. Additionally, it acquired 8,920 shares on the Paris market at an average price of 8.30 euros.
On the selling side, Maroc Telecom sold 114,129 shares on the Casablanca market, 77,571 of which were part of the liquidity contract, at an average price of 91.02 MAD. In Paris, it sold 1,181 shares at 8.45 euros. By the close of July, Maroc Telecom held 318,624 shares, amounting to 0.036% of its capital, spread across both the Casablanca (171,500 shares) and Paris (147,124 shares) markets.
Stokvis Nord Afrique’s inactivity
Meanwhile, Stokvis Nord Afrique remained inactive throughout July, neither buying nor selling any shares. The company still holds 394,579 of its own shares, which constitutes 4.291% of its capital.
