Capital Markets

Morocco Capital Markets

After several years of decline due to liquidity shortages, a high current account deficit and reduced export demand from Europe, Morocco’s bourse is growing again, with its market capitalisation rising significantly in 2014 and early 2015. Trading is concentrated in a small number of companies and investors – the 10-most-traded shares made up three-quarters of transactions in 2014, carried out mostly by institutional investors. Faced with a slim listings pipeline and low levels of secondary trading in recent years, market authorities are working on the launch of a range of reforms and new products designed to reinvigorate capital markets activity at a time when liquidity is returning to the wider economy.

This chapter contains an interview with Karim Hajji, CEO, Casablanca Stock Exchange; and a viewpoint from Younes Benjelloun, Partner and CEO, CFG Group.

Previous chapter from this report:
Retail, from The Report: Morocco 2015
First article from this chapter and report:
Bourse growing again in Morocco
Cover of The Report: Morocco 2015

The Report

This chapter is from the Morocco 2015 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of  Karim Hajji, CEO, Casablanca Stock Exchange 
Karim Hajji, CEO, Casablanca Stock Exchange: Interview

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