The Moroccan All Shares Index closed higher today, led by strong performance in the banking sector. Attijariwafa Bank and BMCE Bank both posted gains above 1%, while trading volume reached 2.3 billion MAD.

The central bank kept its benchmark interest rate unchanged at 3% for the third consecutive meeting, citing stable inflation expectations and moderate economic growth projections.

Morocco's largest bank reported quarterly earnings of 2.8 billion MAD, exceeding analyst expectations by 8%. Strong loan growth and improved asset quality drove the positive results.

The Moroccan Capital Market Authority (AMMC) introduced new mandatory ESG reporting standards for listed companies, effective January 2024.