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The stock performance of Maroc Telecom saw a notable uptick on Wednesday following the decision by the company\u2019s supervisory board to appoint Mohamed Benchaaboun as the new Chairman of the Board, replacing <\/span>Abdeslam Ahizoune<\/span>.\u00a0<\/span><\/p>\n On the Casablanca Stock Exchange, the stock closed the morning session with a strong rise of 5.80%, moving from 109.55 MAD per share to 115.90 MAD, and increase that reflects a positive market response to the leadership change at the helm of the telecom giant.<\/span><\/p>\n A professional source from the Casablanca Stock Exchange highlighted the strong market reaction to the leadership shift, particularly after Azzedine\u2019s departure.\u00a0<\/span><\/p>\n <\/p>\n His long tenure at the company had closely linked his name to its image in both domestic and African markets.\u00a0<\/span><\/p>\n Despite the surge, the same source pointed out that the stock\u2019s recent rise is somewhat exaggerated, as its true market value should not exceed 104 MAD per share.<\/span><\/p>\n Market participants, the source added, are often influenced by rumors and speculation surrounding the new management\u2019s decisions, particularly with respect to anticipated changes in the telecom infrastructure and future strategic moves, following the old adage: \u201cThe stock market buys rumors and sells news.\u201d<\/span><\/p>\n Abdeslam Ahizoune was dismissed today from his position as chairman of the board of directors of Maroc Telecom, after a ruling by the Casablanca Court of Appeal imposed a 6.4 billion dirhams fine on the company in favor of its competitor Wana.<\/span><\/p>\n Ahizoune\u2019s leadership was increasingly questioned as the company\u2019s performance suffered in both local and African markets, prompting frustration from the UAE-based \u201cE&\u201d Group (formerly Etisalat), which owns 53% of Maroc Telecom.<\/span><\/p>\n<\/p><\/div>\n Rephrase in a different way as if you were a native American speaker as a content creation expert and do not talk about yourself or your experience in the text and do not show yourself as an artificial intelligence who wrote and fill the bullet point in the topic and speak the heart of the topic itself and dont take date of blog in ther first and dont take text like box of newsliter subscribe on post from content and romove all linke insert in content and and remove all affiliate disclosure phrases on content like this “This post may contain Amazon or other affiliate links that allow us to earn a small commission at no extra cost to you. Please see our Disclosure Policy for more info” and “#” put in its place bullet point, and romove name of the web site or his links we are take a content from our new creation<\/p>\n","protected":false},"excerpt":{"rendered":" The stock performance of Maroc Telecom saw a notable uptick on Wednesday following the decision by the company\u2019s supervisory board to appoint Mohamed Benchaaboun as the new Chairman of the Board, replacing Abdeslam Ahizoune.\u00a0 On the Casablanca Stock Exchange, the stock closed the morning session with a strong rise of 5.80%, moving from 109.55 MAD […]<\/p>\n","protected":false},"author":5,"featured_media":6607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[13],"tags":[940,5911,5246,3092,3096,3097,1182,5910,234,3095,5908,200,3093,5909,3088,3094,3818,3098,3896],"class_list":["post-6606","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-american","tag-appointment","tag-chairman","tag-characters","tag-content","tag-creation","tag-dont","tag-drives","tag-experience","tag-expert","tag-investor","tag-maroc","tag-native","tag-optimism","tag-rephrase","tag-speaker","tag-stock","tag-talk","tag-telecom"],"_links":{"self":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/6606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/comments?post=6606"}],"version-history":[{"count":1,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/6606\/revisions"}],"predecessor-version":[{"id":6608,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/posts\/6606\/revisions\/6608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media\/6607"}],"wp:attachment":[{"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/media?parent=6606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/categories?post=6606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alfanouscar.com\/blog\/wp-json\/wp\/v2\/tags?post=6606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}