The Casablanca Stock Exchange ( ar, بورصة الدار البيضاء; french: La Bourse de Casablanca) is a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

Casablanca Casablanca, also known in Arabic as Dar al-Bayda ( ar, الدَّار الْبَيْضَاء, al-Dār al-Bayḍāʾ, ; ber, ⴹⴹⴰⵕⵍⴱⵉⴹⴰ, ḍḍaṛlbiḍa, : "White House") is the largest city in Morocco and the country's econom ...

Morocco Morocco (),, ) officially the Kingdom of Morocco, is the westernmost country in the Maghreb region of North Africa. It overlooks the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria to ...

. The Casablanca Stock Exchange (CSE), which achieves one of the best performances in the region of the Middle East and North Africa (MENA), is Africa's third largest stock market after Johannesburg Stock Exchange (South Africa) and Nigerian Stock Exchange in Lagos. It was established in 1929 and currently has 19 members and 81 listed

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

with a total

market capitalisation Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

of $71.1 billion in 2018. The exchange is relatively modern, having experienced reform in 1993. The CSE installed an

Electronic trading platform In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products c ...

, and is now organized as two markets: the Central Market and a Block Trade Market, for

block trade A block trade is a high-volume transaction in a security that is privately negotiated and executed outside of the open market for that security. Major broker-dealers often provide "block trading" services—sometimes known as "upstairs trading de ...

s. In 1997 the CSE opened a central scrip depository, Maroclear.

Indexes

Originally, CSE had the ''Index de la Bourse des Valeurs de Casablanca'' (IGB) as an index. IGB was replaced in January 2002 by two indexes:

MASI

MASI (''Moroccan All Shares Index''), comprises all listed shares, allows investors to follow all listed values and to have a long-term visibility.

MADEX

MADEX (''Moroccan Most Active Shares Index''), comprises most active shares listed continuously with variations closely linked to all the market serves as a reference for the listing of all funds invested in shares. This index was replaced by MSI20 from the starting of 2022.

CFG 25

CFG 25 consists of 25 stocks listed on the Casablanca Stock Exchange and about 80% of the total market capitalization of all the companies listed on the Casablanca Stock Exchange.

Performance reports

The stock markets of Casablanca and Tunis (

Bourse de Tunis The ''Bourse des Valeurs Mobilières de Tunis'' (BVMT) or ''Bourse de Tunis'' ( ar, بورصة تونس) is a stock exchange based in Tunis, Tunisia. It was founded in 1969, and currently lists around 50 stocks. The exchange is under the contro ...

) are covered in a quarterly report on

Arab The Arabs (singular: Arab; singular ar, عَرَبِيٌّ, DIN 31635: , , plural ar, عَرَب, DIN 31635: , Arabic pronunciation: ), also known as the Arab people, are an ethnic group mainly inhabiting the Arab world in Western Asia, ...

stock exchanges established by the

Abu Dhabi Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the capital and second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area. ...

-based

Arab Monetary Fund The Arab Monetary Fund (AMF) is a regional Arab organization, a working sub-organization of the Arab League. It was founded 1976, and has been operational since 1977. History The first president and director of the Arab Monetary Fund, from 1 ...

. The report includes individual indices for each market, as well as a weighted composite tracking four

Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...

ern and two North African stock exchanges.

Related organizations

* Central Bank of Morocco (BAM) * Brokage Firms Association (APSB) *

The Deontologic Council for Securities ''The'' () is a grammatical article in English, denoting persons or things already mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the ...

(CDVM) *

Moroccan Trust Companies and Investment Funds Association Moroccan may refer to: * Something or someone from, or related to the country of Morocco * Moroccan people * Moroccan Arabic, spoken in Morocco * Moroccan Jews See also * Morocco leather Morocco leather (also known as Levant, the French Maro ...

(ASFIM) *

Moroccan Companies General Confederation Moroccan may refer to: * Something or someone from, or related to the country of Morocco * Moroccan people * Moroccan Arabic, spoken in Morocco * Moroccan Jews See also * Morocco leather Morocco leather (also known as Levant, the French Maro ...

(CGEM) *

Moroccan Banks Professional Grouping Moroccan may refer to: * Something or someone from, or related to the country of Morocco * Moroccan people * Moroccan Arabic, spoken in Morocco * Moroccan Jews See also * Morocco leather Morocco leather (also known as Levant, the French Maro ...

(GPBM) * Ministry of Economy and Finance

References

External links

List of Companies in the Casablanca Stock Exchange

Casablanca Stock Exchange website
1929 establishments in Morocco Financial services companies established in 1929 Stock exchanges in Morocco Economy of Morocco Financial services companies of Morocco {{stockexchange-stub