AMMC’s May Share Buyback Program: Latest Transactions in the Moroccan Stock Market

2023-06-07 21:28:00

Wednesday, June 7, 2023 at 10:28 PM

Casablanca – The Moroccan Capital Market Authority (AMMC) has just published the transactions carried out, during the month of May 2023, by companies having set up a program to buy back their own shares.

Thus, BCP bought 480,401 shares (including 480,215 under the CL liquidity contract at the weighted average price of 233.95 dirhams, the AMMC said, adding that the Bank sold 177,102 shares (142,280 under the CL at weighted average price of 231.63 dirhams).

The BCP still holds 713,533 own shares at the end of the month (0.351% capital share), adds the same source.

Maroc Telecom also made purchases on the Moroccan market (101,462 shares, including 59,840 shares under the CL) at a weighted average price of 81.38 dirhams. The company sold 144,452 shares, including 84,330 under the CL at a weighted average price of 83.38 dirhams.

Maroc Telecom still holds 368,510 shares as part of its program on the Casablanca market.

For its part, TGCC bought 10,168 shares (9,968 under the CL) at a weighted average price of 135.33 dirhams. The company sold 9,389 shares at a weighted average price of 137.41 dirhams and still holds 15,399 own shares (0.049% capital share).

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