The Casablanca Stock Exchange is actively developing
Over the past two years, the Casablanca Stock Exchange (BVC) has shown impressive results. The market capitalization of companies trading on the exchange has reached US$92.5 billion. This figure exceeds the 2023 figures by 43%.
CEO Tarik Senhaji called 2024 the best year in 15 years. Trading volumes have more than doubled. The market is experiencing sustained bullish sentiment. Many companies have successfully taken advantage of this, significantly increasing their share capital.
This positive trend continues into 2025. The momentum gained last year continues to stimulate growth. According to Senhaji, increased investment in Morocco’s economy played a key role in this growth. The country’s high potential has attracted the attention of international investors.
Morocco’s participation in the World Cup stimulated capital inflows. In 2030, the kingdom will host a major sporting event together with Portugal and Spain. This event has increased interest in the country, improving its image. It has also sent an important signal to businesses and opened up new opportunities for investment in the Moroccan economy.
Positive changes for the stock market
Following the World Cup announcement, there was a surge in public and private investment in the economy. Funds are being allocated toward preparing the infrastructure for the competition and implementing projects that address the population’s needs and develop the transportation system. In particular, work has begun on expanding the high-speed rail network. Previously, the network only connected Rabat and Casablanca, but now there are plans to extend the route to Agadir.
As for the stock exchange, capital inflows and increased cash turnover are important for its development. The financial sector’s priority is the speed at which funds circulate, not the amount. Additionally, investments are quickly flowing into the Moroccan economy, which is advantageous for the market.
It is also worth noting that confidence among foreign investors has grown in recent years. This has been facilitated by changes in the country’s macroeconomic situation. The government has brought inflation under control, enabling the Central Bank to lower its key rate. These changes have opened up new business opportunities. Companies can now obtain financing on more favorable terms. This has a positive impact on stock market processes:
– the profits of companies listed on the exchange have increased by 7–10%;
– the total amount of funds raised in 2024 was US$766 million;
– several large local companies, including CMGP, have conducted IPOs.
The exchange is actively developing and expanding its offerings. In May 2025, futures instruments became available, which help to increase liquidity.
