The Casablanca Stock Exchange in Morocco is on its way to a market value of about trillion dirhams ($ 100 billion) this year, powered by a good performance of its main index, as the banks, construction and services sectors benefit from the dynamism of major projects implemented by the Kingdom in preparing for the end of the current decade. Last March, the market value jumped over 900 billion dirhams for the first time and returned with the start of the tariff war, but the recovery reached the index again this week to achieve this summit after recovering most of its profits and remained above the 17 thousand points, compared to 13 thousand a year ago. This achievement comes at a time in which investor confidence is more reinforced in the light of the country’s implementation of major projects whose total value is estimated at approximately $ 170 billion during the next five years, most of which are in infrastructure, in addition to seawater disruption facilities and renewable energy, according to a report by ‘Global Reserve’, Kingdom. A record number for the Moroccan Stock Exchange “The levels reached in the Moroccan stock market are unprecedented. Thanks to the fixed basics of the local economy, great investment momentum and positive future prospects during the coming years,” according to Abdel Razzaq Maghrawi, CEO of “Serval Asset Management” in an interview with “Al Sharq”. The dynamics of Morocco investments utilize a facilitation policy for the Central Marokko bank, as interest in March last year was reduced to 2.25%, in addition to a good performance of the industry and services sector, in exchange for the damage to the agricultural sector by the successive years of drought. The most important stock market index in the past Friday trading session has achieved about 16.72% since the beginning of the year, rising to 17243 points, and the losses he has accumulated during US President Donald Trump’s announcement of exchange duties before hung for a 90 -day period. Investors’ preference for stocks, “The Moroccan Stock Exchange Movement reflects the preference of the investor for shares that achieved about 22% last year. In addition, the most important interest rate by the Central Bank of Morocco has the goal of supporting economic growth,” according to Tariq Amiar, the administrative partner of the African financial investment in an interview with Al -Sharq. The country’s rehabilitation projects support to offer the largest football event at the end of the current contract, investor confidence. Magraoui pointed out that “the Moroccan stock exchange has always benefited from good and supportive local conditions, but it remains sensitive to international developments such as an economic crisis or the exacerbation of the trade war,” with reference to the Kingdom’s influence on international fluctuations in light of the association with the European market mainly. The stock exchange started its upward path in 2023, according to a report released the High Commission for Planning this week, the government device on statistics. In it, “investors strengthened their confidence in the market with a positive view of continuing monetary facilitation policies, which led to improving shares of many companies listed in the sectors of transport, mining, real estate and health.” Back to the “MSCI” Emerging Markets Index that reaches the market value of the Morocco Stock Exchange to a trillion dirhams that could qualify the country to return to the “MSCI” index for emerging markets, according to Maghrawi. He said that this return will pay more attention to investors at international level, who will also support its position than the second largest stock exchange on the continent, to South Africa. Morocco entered the ‘MSCI’ emerging market index in 2001, but departed in 2013. The index aims to measure the world’s rapidly growing economies. The list currently contains several countries, including Egypt, Kuwait, Qatar, Saudi Arabia, the Emirates, Turkey, Brazil and India. The stock exchange index is expected to continue to reach unprecedented levels. Tariq Amiar believes that “the next goal could be the penetration of the level of 18900 points, with the expectation that the current year will be better than the past at the level of the growth of the revenue and profits of the listed businesses. The investors also link their investments to the positive prospects for the next five years.” Despite the good performance of the Moroccan stock market, it suffers from a scarcity in the initial public proposals as it does not exceed one inclusion per year. The Kingdom strives to increase the number of listed businesses by 2035 to more than 300 businesses, compared to 77 companies currently.
Morocco Stock Exchange is a candidate to reach a trillion dirhams market value this year
