Financial results: Attijari Global Research deciphers the evolution of companies listed on the Casablanca Stock Exchange in the first quarter of 2026.
The latter achieved a turnover of 92.3 billion dirhams in the first quarter of 2026, up 6.8% compared to the same period a year earlier. “After recording the strongest quarterly revenue growth since the 2nd quarter of 2022, i.e. +12.2% in the 4th quarter of 2025 (highest in 14 quarters), the Equity market shows a deceleration in Q1-2026 through an increase in turnover of +6.8%. A level lower than the average of +8.5% observed over the last four quarters.
indicates AGR in its recent publication “Reserarch Report – Equity”. And to specify: “The achievements of the market in the 1st quarter of 2026 confirm our growth scenario published at the start of the year which anticipates a superprofit from mining companies making it possible to increase the profit growth of the rating to 10.2% for 2026”. Referring to AGR, the exceptional performance of mining companies (+133%) hides a stronger deceleration in market revenues. By restating this sector, the growth in turnover of the rating comes to only 2.6%.
AGR also announces that the banking sector contributed negatively to the evolution of the rating’s revenues, for the first time since the 2nd quarter of 2021. The main contributor to market growth shows a technical drop in its net banking income (NBI) of 1.1 billion dirhams.
