Corrections and Updates

Why this page exists

Dalil Finance publishes market data and company profiles for the Bourse de Casablanca. Some of that content is compiled from third-party feeds; some is written from primary sources such as company filings on the AMMC, Bank Al-Maghrib publications, and the annual Loi de Finances. Sources change, feeds go stale, and early drafts contain mistakes. When we find or are told about an error that materially affects a number or a fact, we fix it on the page and record it here rather than editing quietly.

This is a deliberate editorial practice. A reader deciding whether to trust a figure should be able to see whether the page it sits on has been corrected before, what kind of errors we catch, and how quickly. The log below is not exhaustive of every typo or wording tweak - it covers changes that altered a displayed value, a factual claim about a company, or a tax or rate figure that a reader might act on. For how data is sourced and refreshed in the first place, see the Methodology and Data Sources pages.

How to report an error

If you spot a number or a claim on Dalil that looks wrong, email the details - the page, the figure, and if possible the source that contradicts it - via the contact page. Corrections that change a displayed value or a factual claim are logged here with the date they were applied.

Correction log

• 2026-09-05
  Data accuracyOCP equity quotations removed; dividend withholding tax corrected; research hub resynced to its own monitors
  Four separate defects from a 5 September 2026 internal audit, each verified against the checkout before being changed. (1) OCP: the homepage ticker strip, the "Actions Maroc" watchlist, the recommended-stocks watchlist, and the server-side market-data fallback all carried a fabricated OCP Group share price (1,980.00 MAD, -0.38%/-0.3%), even though OCP's own research page and companyData.js have always correctly stated OCP is not listed on the Bourse de Casablanca (state-owned, bonds only). Removed from every fallback list, the priority-ticker config, and the watchlist; StockPage.jsx now hard-gates the price header and sourcing prose off a new explicit listed:false field rather than relying on an absent live-data row. (2) Dashboard logic: the homepage's gainers/losers lists sorted the full stock list and took the top 5 regardless of sign, so a quiet session could show a loss-making stock inside "Gainers." Now filtered to positive/negative change before sorting and limiting, never padded. The economic-calendar widget's eleven fixture rows (US CPI, NFP, ECB, etc.) were invented placeholder forecasts with no real source; replaced with three real, dated, sourced Morocco releases (BAM policy rate, HCP CPI, Office des Changes trade data) and no fabricated forecast field. The Casablanca session-open badge used a 09:00-15:00 window that contradicted the site's own published 09:30-15:30 trading-hours explanation (Methodology, Data Sources); corrected to 09:30-15:30. News-feed HTML entity decoding only handled 6 entities, garbling accented French text from Hespress/Medias24 (e.g. "économie" instead of "économie"); replaced with a comprehensive numeric + named-entity decoder that still only ever produces plain text. (3) Dividend tax: the investment-tax article, dividend guide, portfolio guide, after-tax calculator, and glossary described TPA (dividend withholding) as depending on "the vintage of the profits" in addition to the distribution year, and several examples computed net dividend figures using the older flat 15% rate as if it still applied unconditionally to direct retail holders and non-residents. Verified against three independent, corroborating sources: the 2025 Finance Law simplified the transitional mechanism so the rate depends only on the calendar year of distribution (12.5% for 2025, 11.25% for 2026, target 10% from 2027) - profit vintage no longer applies. All affected prose, the FAQ structured data, and the calculator's rate-dropdown labels corrected accordingly; a "thwith" typo fixed in the same article. TPA, TPCVM, and TPPRF - referenced by name in multiple articles' "defined in our Glossary" line but never actually defined there - added to the Glossary. (4) Research hub: the Morocco Economy hub still displayed June/July 2026 figures and described August releases as "upcoming," while the underlying monitor pages had already been updated to July 2026 data (see the 2026-09-03 entries below) - the hub's summary cards were hand-typed and never resynced. Corrected to match each monitor's actual current data, and a new generator (scripts/sync-monitors-hub.mjs, run as part of npm run build) now derives the hub's cards and "next expected" dates from a canonical comment each monitor page carries, so this cannot silently drift out of sync again.
• 2026-09-04
  Data accuracyTwo articles corrected two remaining instances of delayed data described as "live"
  A follow-up sweep of article prose (beyond the sector pages, homepage, and articles already corrected on 2026-08-18 and 2026-08-10) found two remaining sentences that called Dalil's own delayed price feed "live": What Are T-Bills and Bond Yields in Morocco said "the live values on the dashboard, not this paragraph, are the current ones," and How to Read a Moroccan Company's Financial Results called the price/market-cap context on company pages "the live ticker context." Both now describe the dashboard's figures as "current" rather than "live," consistent with the "Delayed" labeling on Data Sources. Separately, three articles touched by the 2026-08-18 wording pass (how to read a filing, Gold in MAD, What ROE Means) had their prose corrected at the time but their JSON-LD dateModified was never bumped to match; all three now read 2026-08-18, the date the content actually changed.
• 2026-09-03
  Company factsOCP's "6% owned by BCP" corrected - actual BCP-group stake is about 3.9%, and BCP is not the only minority holder
  The OCP research page stated OCP was "about 94% owned by the Moroccan State and about 6% by Banque Centrale Populaire." Per OCP's AMMC reference document (registered 4 June 2026 under n°EN/EM/007/2026, an FY2025 filing), the State holds 94.12% directly - close to the prior figure - but BCP itself holds only 0.10% directly, and the "6%" appears to have conflated BCP with the full non-State float. The actual breakdown of the remaining 5.88% is: two BCP-affiliated investment vehicles, Infra Maroc Capital (2.98%) and Socinvest (0.82%), plus BCP's own 0.10%, for a combined BCP-group stake of about 3.90%; Prev Invest SA (1.10%), wholly owned by the pension fund RCAR, not BCP; and SADV (0.88%), wholly owned by UM6P Endowment Holding, also not BCP. FY2025 financial figures on the page (revenue 113.9bn +17.5%, EBITDA 43.2bn +11%, RNPG 17.6bn -13%) were checked against the same document and are confirmed correct. Source: AMMC reference document EN/EM/007/2026, page 19.
• 2026-09-03
  Company factsWafa Assurance free float pinned to an exact figure via the AMMC's own issuer profile
  The Wafa Assurance research page described the free float outside its OGM holding structure as "roughly 20%... though the exact publicly traded portion should be confirmed against the latest reference document," flagging it as unverified. The AMMC's own issuer profile page for Wafa Assurance states OGM's stake at 79.29% and the free float (flottant) at 20.71%, as of 5 August 2024 - both now cited precisely on the page in place of the earlier approximation. Wafa Assurance does not appear to file a full AMMC "document de reference" the way the banks do; the regulator's own issuer profile page was used instead. Source: AMMC issuer profile, Wafa Assurance.
• 2026-09-03
  Company factsBCP free float and regional-bank ownership stake corrected against the AMMC reference document
  The BCP research page stated the regional cooperative banks' (Banques Populaires Regionales) stake as "historically cited around half the capital" and the free float as "only about 20%," both flagged on the page itself as indicative and needing verification. BCP's AMMC reference document (registered 18 December 2024 under n°EN/EM/031/2024, covering FY2023 and H1 2024) states the regional banks held 37.39% as of 30 September 2024 and the free float (flottant) was 29.41% as of 2 December 2024 - both materially different from the prior indicative figures. The page now also carries the full institutional core from the same table: CIMR 14.90%, MCMA 8.87%, MAMDA 7.49%, RCAR 5.64%, Mutuelle Attamine Chaabi 4.90%, BPCE 4.05%, CMR 1.83%, Wafa Assurance 1.05%, Saham Assurance 0.28%. The ISIN (MA0000011884) was already correct and is now cited to the same primary document. Source: AMMC reference document EN/EM/031/2024, pages 21-24.
• 2026-09-03
  Company factsAttijariwafa Bank ISIN and ownership breakdown corrected against the AMMC reference document
  The Attijariwafa Bank research page stated the ISIN as MA0000011827. Attijariwafa Bank's AMMC reference document (registered 16 June 2025 under n°EN/EM/007/2025) states the code as MA0000011926; the page previously sourced this from a rendering of the group's disclosures rather than the primary filing. The ownership breakdown was also corrected to the document's shareholder table as of 30 April 2025: Al Mada unchanged at 46.51%; "national institutional investors" corrected from an approximate 24.7% to 27.07% (insurance companies 15.56% + other institutional investors 11.51%); "free float and others" corrected from an approximate 22.7% to 21.32% (of which 19.80% funds/other holders, 1.52% staff); Santander's Santusa Holding stake was already correct at 5.10%. The page also now flags an unreconciled discrepancy: the same document's FY2024 group PNB (34.5bn MAD) and RNPG (9.5bn MAD) are each a few percent above what this page's press-reported FY2025 growth rates would imply as a FY2024 base - noted on the page rather than silently changing the FY2025 figures, which are not yet confirmable against a primary FY2025 filing. Source: AMMC reference document EN/EM/007/2025, pages 18 and 21.
• 2026-09-03
  Scheduled updateFX and Reserves Monitor refreshed; reserve figure flagged as press-sourced pending direct bkam.ma re-confirmation
  The FX and Reserves Monitor's invisibles table was updated from January-June to January-July 2026 to match the Trade Balance Monitor (see that page's entry above for the full figures). Separately, bkam.ma's official reserve assets statistics page returned an access error (HTTP 403) to this site's automated retrieval, both via direct fetch and via a general-purpose web fetch tool, so the reserve headline could not be confirmed the way it normally is. Rather than leave the page on the stale, but directly-confirmed, 17 July reading (496.8bn MAD) indefinitely, it was updated to an approximate 19 August reading (499.3bn MAD, +21.9% YoY) sourced from converging Moroccan financial-press reporting of Bank Al-Maghrib's own weekly communique, and every figure and heading derived from it is explicitly labeled "approx." or "press-reported" on the page and in its provenance section. This is disclosed here because it is a change in sourcing tier for a live figure, not because any value is known to be wrong. The page will be re-confirmed directly against bkam.ma when it becomes reachable again.
• 2026-09-03
  Scheduled updateInflation Monitor moved to July 2026 data - headline turns negative
  The HCP published its Indice des Prix a la Consommation for July 2026, superseding the June 2026 figures the Inflation Monitor carried. Headline year-on-year CPI moved from +0.3% to -0.6%, Morocco's first outright annual deflation reading of 2026; food prices moved from -2.3% to -3.7% year on year and non-food from +2.3% to +1.9%; core (underlying) inflation was unchanged at -0.1% year on year. The swing in the headline is attributed almost entirely to food, not a broader deflation signal. Source: Haut-Commissariat au Plan, Juillet 2026.
• 2026-09-03
  Scheduled updateTrade Balance Monitor moved to January-July 2026 data
  The Office des Changes published its Indicateurs mensuels des echanges exterieurs for July 2026, superseding the January to June figures the Trade Balance Monitor carried. Values changed as follows, all cumulative year to date and taken from the official report rather than press coverage: goods deficit 198.38bn to 244.70bn MAD (+23.5% to +26.5% year on year), imports 458.78bn to 544.05bn (+15.3% to +15.9%), exports 260.40bn to 299.35bn (+9.7% to +8.4%), export coverage 56.8% to 55.0%, tourism receipts 64.90bn to 79.01bn, remittances 61.48bn to 74.79bn, services surplus 80.03bn to 95.48bn, net FDI 26.16bn to 29.47bn (+31.5% to +58.5%). One directional claim reversed: phosphates and derivatives, which had moderated to down 2.3% through June, fell back to down 7.8% over the seven months. Automotive exports are now stated at 107.15bn (+14.9%). Source: Office des Changes, Juillet 2026.
• 2026-09-01
  Data accuracyLuzia removed from crypto-source attribution sitewide after its API shutdown
  Luzia (api.luzia.dev), a per-pair cryptocurrency price API, announced it is shutting down on 30 September 2026 (no new signups as of 1 September 2026). Luzia had already been superseded as the platform's crypto source: it was demoted to a last-resort fallback behind Binance and CoinGecko on 2026-05-15 and, per live function logs from 2026-06-10, was returning no usable data even in that role - Binance (primary, with a data-api.binance.vision mirror) and CoinGecko (keyless fallback) have been doing the actual work since. The dead Luzia code path in functions/api/market.js was removed, and every page still naming Luzia as a live data source was corrected to name Binance (CoinGecko backup) instead: Data Sources, Methodology, Privacy, the How to Read Morocco Market Data guide, and the dashboard's own source labels and footer credits. This was a source-attribution correction, not a change to any displayed price or figure.
• 2026-08-18
  Data accuracyFreshness figures in the "How to Read Morocco Market Data" guide corrected to match the site-wide table
  The prose sections of How to Read Morocco Market Data (written before the 2026-08-10 freshness-wording pass) stated optimistic, wrong delay figures that contradicted the accurate reference table later on the same page: equities were described as "delayed by at least fifteen minutes" (actually up to about 90 minutes), FX as refreshing "roughly every thirty minutes" (actually up to about 4 hours), oil as "usually closer to thirty minutes" (it shares gold and silver's up-to-8-hour commodity feed, not a separate 30-minute one), and crypto as refreshing "roughly five minutes" (actually up to about 15 minutes). The FAQ schema on the same page repeated the wrong equities figure. All five now match the page's own table and Data Sources. Also corrected: the OCP stat-bar note and the gold price calculator both called delayed metal/FX data "live" or a "live reference."
• 2026-08-18
  Data accuracyRemaining "Live" labels removed from sector pages, the homepage dashboard, and several articles
  A follow-up sweep found the 2026-08-10 "Live" cleanup had not reached every page. The Banking, Telecom, and Mining sector pages carried "Live Price(s)" in their titles, meta tags, and headings for Casablanca equity data that is actually delayed by up to about 90 minutes; the Crypto Pulse page called its MAD conversion rate "live" in the same sentence that disclosed a 4-hour cache; the OCP profile and the ROE and how to read a filing articles described Dalil's own price feed as "live"; and 404.html, which sits outside the directory the automated freshness-wording script covers, still read "Live Dashboard" in four places. The homepage dashboard's own section label in the live React app (MoroccoOverview.jsx) read "Live Dashboard" directly above the price cards; it now reads "Delayed Data." An unused "LIVE" badge status in DataBadge.jsx, never actually assigned by any data source, was removed as a precaution. None of these were factual errors about a number - they were "live" language left over from before the site's delayed-data labelling was standardized - but they contradicted the freshness figures on Data Sources and About, so they are logged here for the same reason the 2026-08-10 entry was.
• 2026-08-10
  Data accuracySettlement cycle corrected from T+2 to T+3, and several pages overstated data freshness
  Two separate errors were corrected sitewide. First, the Glossary, Invest, and Market Calendar pages stated that Bourse de Casablanca trades settle T+2 (two business days) via Maroclear. Maroclear's own settlement/delivery documentation and the Casablanca Bourse's Reglement General du Depositaire Central both specify T+3 (three business days); the site's T+2 claim was simply wrong and not the result of a recent rule change. Second, several commodity, FX, and macro pages (Oil, Gold, EUR/MAD, USD/MAD, Macro Risk in all three languages, and the related articles on oil imports and what moves EUR/MAD) carried "Live" labels or a flat "30-minute delay" claim for data that is actually cached up to about 8 hours (precious metals and energy, via Metals.Dev/Twelve Data) or up to about 4 hours (FX, via Open Exchange Rates) - see Methodology for the full per-asset-class table, which is the source of truth these pages now match. The dashboard's internal data-status labels (src/utils/dataContracts.js, src/utils/transforms.js) were also corrected from "live" to "delayed" for crypto, Moroccan bank/telecom/industry sectors, and news, none of which are true real-time feeds. Sources: Maroclear, Reglement General du Depositaire Central, internal cache TTL configuration in functions/api/market.js.
• 2026-08-06
  Scheduled updateBank of Africa shareholder register moved to the 2025 reference document
  The Bank of Africa research page carried an ownership breakdown taken from the group's 2024 reference document, with a note that a current free float was not disclosed. Bank of Africa's 2025 reference document was registered by the AMMC on 5 August 2026 under EN/EM/021/2026, and it publishes the register as at 25 June 2026. The page now follows it. Changed values: Credit Mutuel (Banque Federative du Credit Mutuel) 26.20% to 24.56%, British International Investment 5.38% to 2.52%, CDG 8.32% to 8.28%, O Capital Group 7.22% to 7.16%. RMA is unchanged at 27.41%, and the Benjelloun control bloc is confirmed at 35.50%. The document does not attribute the reductions to any named transaction, and the page says so rather than inferring one. The previously missing free float is now stated: "divers et flottant" is 19.20% plus 0.99% held by staff, which replaces the December 2021 estimate of about 16%. FY2025 earnings on the same page were checked against the same document and are unchanged and correct: consolidated PNB 20,338,747 KMAD (+8.67%) and net income group share 3,813,552 KMAD (+11.27%). Source: AMMC reference document EN/EM/021/2026, pages 20, 227 and 243.
• 2026-08-06
  Company factsManagem net debt at 30 June 2025 corrected from 14.33bn to 16.29bn MAD
  The Managem research page stated that consolidated net debt stood at about 14.33 billion MAD at 30 June 2025. That figure came from press coverage of the group's interim announcement in August 2025 and is too low. Managem's AMMC reference document, registered by the regulator on 12 March 2026 under EN/EM/006/2026, states in both its balance-sheet indicator table and its accompanying text that consolidated net financial debt went from 10,365 MMAD at end-2024 to 16,288 MMAD at 30 June 2025, a rise of 57.15%, with gearing moving from 0.9x to 1.6x. The page now carries 16.29 billion MAD and the gearing figures, and states that it follows the registered document where it disagrees with an earlier interim press figure. This understated the group's leverage at the mid-year point, which is a material figure for a miner in the middle of a capital-intensive build-out. The parent-company (social accounts) net debt of 3,946 MMAD is a different measure and is not the source of the discrepancy. Two other claims on the same page were checked against primary and issuer sources at the same time and were confirmed correct: Q1 2026 revenue of 5.75bn MAD, up about 147% year on year, and the ownership split of roughly 81% Al Mada (76.4% direct), about 8% CIMR and a free float near 10%. Source: AMMC reference document EN/EM/006/2026, pages 184 and 187.
• 2026-08-01
  Scheduled updateTrade Balance and FX monitors moved to January-June 2026 data
  The Office des Changes published its Indicateurs mensuels des echanges exterieurs for June 2026, superseding the January to May figures the Trade Balance Monitor and the FX and Reserves Monitor carried. Values changed as follows, all cumulative year to date and taken from the official report rather than press coverage: goods deficit 159.07bn to 198.38bn MAD (+20.8% to +23.5% year on year), imports 370.49bn to 458.78bn (+11.8% to +15.3%), exports 211.41bn to 260.40bn (+5.8% to +9.7%), export coverage 57.1% to 56.8%, tourism receipts 53.75bn to 64.90bn, remittances 50.22bn to 61.48bn, services surplus 64.27bn to 80.03bn, net FDI 23.31bn to 26.16bn (+41.8% to +31.5%). One directional claim changed materially: phosphates and derivatives were reported as down 11.2% through May but are down only 2.3% over the half year, so the earlier "phosphates falling sharply" framing has been corrected to a mild decline. Automotive exports are now stated at 93.66bn (+17.4%). Source: Office des Changes, Juin 2026.
• 2026-07-26
  Company factsCIH Bank FY2025 results are Board-validated, not provisional
  The CIH Bank research page described its FY2025 figures as provisional, pending Board validation, and repeated that caution in six places including the research summary and the FAQ. That was wrong. CIH's Board met on 4 and 13 March 2026 and, after reviewing the audit and risk committee reports and the statutory auditors' reports, validated the social and consolidated accounts to 31 December 2025; the results were published on 17 March 2026. The reported figures themselves were correct and are unchanged - net banking income 5.42 billion MAD (up 14.4%) and net income group share 1.09 billion MAD (up 24.4%). Only their status was misstated, which understated how reliable they are. The page now describes them as Board-validated on the auditors' reports and still subject to approval by the general meeting. Sources: CIH Bank FY2025 results communiqué, Boursenews and Médias24.
• 2026-07-26
  Company factsBank of Africa FY2025 net banking income wording tightened
  The Bank of Africa page's French summary said consolidated net banking income "dépasse" (exceeds) 20.3 billion MAD for FY2025. The reported figure is 20.3 billion MAD, up about 9%, so "exceeds" overstated it by implying a figure above the reported rounding. Changed to "atteint" (reaches). The figure itself, and the 3.8 billion MAD net income group share (up about 11%), are unchanged and confirmed.
• 2026-07-19
  Rate dataBank Al-Maghrib policy rate corrected to 2.25% sitewide
  Multiple pages and the market feed stated the BAM key rate as 2.75%. The policy rate has in fact been held at 2.25% since Bank Al-Maghrib's March 2025 decision, a level maintained through the June 2026 board meeting. Because no data provider supplies the BAM rate, the feed had been serving a hardcoded value as if it were live, which propagated the stale figure to every page that read it. Corrected to 2.25% in the market feed and on all stock, FX, sector, and macro pages. Source: Bank Al-Maghrib monetary policy communiqués, bkam.ma.
• 2026-07-19
  Rate dataMorocco government yield curve replaced with real BAM reference rates
  The Moroccan Treasury yield curve shown on the platform carried values from an earlier period (for example a 10-year near 4.24%) with synthetic movement. It was replaced with Bank Al-Maghrib's secondary-market reference curve as of 2026-07-17 - 13-week 2.16%, 26-week 2.17%, 52-week 2.21%, 2-year 2.22%, 5-year 2.72%, 10-year 2.88%, 15-year 3.17%, 20-year 3.64%, 30-year 3.72%. Non-live curve points now render flat rather than with fabricated jitter. Source: Bank Al-Maghrib, "Taux de référence des bons du Trésor", bkam.ma.
• 2026-07-19
  Company factsOwnership and operations corrected for Bank of Africa, Managem, and Wafa Assurance
  A web-verified audit of the remaining company pages corrected three ownership and geography claims. Bank of Africa (BOA): the controlling holding was renamed O Capital Group (FinanceCom merged into it), with Crédit Mutuel Alliance Fédérale holding roughly 25% as the second shareholder. Managem (MNG): an unsupported "Burkina Faso operations" claim was replaced with its verified assets - the Boto gold project in Senegal and the Tri-K project in Guinea. Wafa Assurance (WAA): "Attijariwafa Bank is the controlling shareholder" was corrected to control via the OGM holding (79.29% of WAA), co-owned 50/50 by Attijariwafa Bank and Al Mada. Fixed on the static pages and in the underlying company data.
• 2026-07-19
  Company factsFounding dates, merger year, and dividend claims corrected
  A fact audit of the bank and telecom pages corrected several specifics: the Attijariwafa Bank merger year (BCM + Wafabank) from 2003 to 2004; CIH Bank's founding history to its 1920 origin and 1967 renaming (previously given as 1959); and Maroc Telecom's dividend section to reflect the FY2024 dividend cut (1.43 MAD, tied to the Wana settlement) rather than an outdated "5-8% yield" claim. Banque Centrale Populaire's "52% MRE market share" was softened to a group-reported leading share pending a citable figure.
• 2026-07-14
  Company factsOCP page: false stock-listing claim removed
  The OCP Group page stated that "OCP est cotée à la Bourse de Casablanca depuis 2024" and was framed around a live OCP share price. This was incorrect: OCP is not listed on any stock exchange. It is approximately 95% owned by the Moroccan state and about 5% by a BCP-managed fund, and raises capital through bonds rather than equity. The page was rewritten as an honest company profile - "Is OCP listed?" (no, with IPO-rumour context), how investors can get exposure (bonds via OPCVM), and the dead live-price card was removed. Source: OCP Group corporate disclosures and bond prospectuses.
• 2026-07-12
  Tax dataDividend withholding (TPA) corrected to the phased schedule
  The tax articles described the dividend withholding tax (Taxe sur les Produits des Actions, TPA) as a flat 15%. Morocco's Finance Law 2023, as amended by the Finance Law 2025, is phasing it down for distributions of recently earned profits: 12.5% for amounts distributed in 2025, 11.25% from 2026, heading to a 10% target, while distributions drawn from older retained earnings can still bear 15%. Corrected in both taxation articles. This same schedule now powers the after-tax income calculator. Source: Code Général des Impôts and annual Loi de Finances, tax.gov.ma.
• 2026-07-12
  Stale exampleGold-in-dirham worked example refreshed
  The worked example in the gold explainer used a gold price of about $2,320 per ounce - roughly half the prevailing spot level shown on the site's own feed. It was updated to about $4,100 per ounce ($131.82 per gram) at a USD/MAD rate of 9.35, and all the dependent gram and karat arithmetic was recomputed. Stale references to "highs above $3,000/oz" were also removed.
• 2026-07-12
  Reference dataCasablanca trading hours corrected to UTC+1
  Several pages described the Casablanca Stock Exchange session in "WAT" while quoting UTC+1 hours. Morocco observes UTC+1, so the timezone label was corrected to avoid implying a different offset. Trading session: 09:30-15:30, Monday to Friday.
• 2026-04
  Content bugBanking and telecom sector pages: swapped content restored
  The banking and telecom sector pages had their body content transposed - the banks page carried telecom text and vice versa. The content was moved back to the correct pages. This was a straightforward publishing error, corrected once identified.

What we do not log here

Routine wording edits, layout changes, image swaps, and typography fixes are not recorded here - they do not change a figure or a factual claim. Live market data is a separate matter: prices, rates, and index levels update continuously from their sources and are delayed by design (see Methodology). A delayed price is not an error; a wrong static fact or a stale hardcoded value is, and that is what this page tracks.