Casablanca Stock exchange showcases its assets in London

Officials from the Casablanca Stock exchange held meetings with investors in London to showcase the competitive advantages it offers as well as Morocco’s business climate.

The bourse has a pivotal role to play in funding Moroccan enterprises and it is set to attract more companies seeking better financing opportunities, including SMEs, Casablanca Stock Exchange head Kamal Mokdad was quoted by L’economiste daily as saying.

It is true that the international context is fraught with challenges with growth projected to not exceed 1.6% according to the World Bank, but “we will continue efforts to reinvigorate the stock market in the medium term by setting as a priority having more listed companies,” he said.

He spoke of the need to have more national and foreign investors and to build on Morocco’s assets and stability to develop the stock market.

The new development model aims at increasing the stock exchange market capitalization from 50 to 70% by 2035, increase the number of listed companies to 300 and attract more foreign investors to represent 25% of all transactions.