CFG in focus as the stock holds its ground
As of Thursday, April 23, 2026, CFG BANK closed at 217.95 MAD, ending a choppy 5-day stretch with only a 0.5% decline after moving 219.0 → 212.2 → 217.7 → 217.45 → 217.95 MAD. The key takeaway is not a breakout but the stock’s ability to stabilize near 218 MAD after dipping to 212.2 MAD, even as the broader MASI index slipped 0.10% to 19,138.85.
That relative resilience matters because it comes against a tougher macro backdrop for Moroccan equities. Brent crude rose 1.6% on the day and 8.5% over the week to $103.57 per barrel, while EUR/MAD climbed 2.82% to 10.826. For the Morocco stock market, that mix points to a potentially heavier import bill and higher operating costs across the economy, factors that can eventually affect corporate borrowing demand and credit quality for banks.
Key figures
- CFG BANK: 217.95 MAD
- 5-day performance: -0.5%
- P/E: 20.0
- Dividend yield: 1.51%
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