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The Casablanca Stock Exchange is a stock exchange
Stock exchange

A stock exchange, securities exchange or bourse is a corporation or mutual organization which provides "trading" facilities for stock brokers and trader s, to trade stocks and other security ....
 in Casablanca
Casablanca

Casablanca is a city in western Morocco, located on the Atlantic Ocean. It is the capital of the Greater Casablanca region.With a population of 3.1 million ??????)...
, Morocco
Morocco

Morocco , officially the Kingdom of Morocco , is a country located in North Africa with a population of nearly 34 million and an area just under 447,000 km2....
. 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 second largest Bourse after Johannesburg Stock Exchange, South Africa and is the third oldest stock exchange in Africa
Africa

Africa is the world's second-largest and second most-populous continent, after Asia. At about 30.2 million km? including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area....
.






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The Casablanca Stock Exchange is a stock exchange
Stock exchange

A stock exchange, securities exchange or bourse is a corporation or mutual organization which provides "trading" facilities for stock brokers and trader s, to trade stocks and other security ....
 in Casablanca
Casablanca

Casablanca is a city in western Morocco, located on the Atlantic Ocean. It is the capital of the Greater Casablanca region.With a population of 3.1 million ??????)...
, Morocco
Morocco

Morocco , officially the Kingdom of Morocco , is a country located in North Africa with a population of nearly 34 million and an area just under 447,000 km2....
. 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 second largest Bourse after Johannesburg Stock Exchange, South Africa and is the third oldest stock exchange in Africa
Africa

Africa is the world's second-largest and second most-populous continent, after Asia. At about 30.2 million km? including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area....
. It was established in 1929 and currently has 16 members and 77 listed securities with a total market capitalisation of $66,3 billion as of December 27th 2008 .

The exchange is relatively modern, having experienced reform in 1993. The CSE installed an electronic trading system
Electronic trading

Electronic trading, sometimes called etrading, is a method of trading security , foreign currency, and derivative #Exchange traded derivatives electronically....
, and is now organized as two markets: the Central Market and a Block Trade Market, for block trades.

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 on January 2002 by two indexes:

MASI

MASI
MASI index

The MASI index is a stock index that tracks the performance of all companies listed in the Casablanca Stock Exchange located at Casablanca, Morocco....
 (Moroccan All Shares Index), comprises all listed share
Share

Share may refer to:* Sharing ; to make joint use of resources , or to "give something away"* Share , a man who writes Urdu poetry* Share , a stock or other security such as a mutual fund...
s, allows to follow up all listed values and to have a long-term visibility.

MADEX

MADEX
MADEX index

The MADEX index is a stock index that comprises most active shares listed continuously in the Casablanca Stock Exchange with variations closely linked to all the market serves as a reference for the listing of all funds invested in shares....
 (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.

Performance reports

The stock markets of Casablanca and Tunis (Bourse de Tunis
Bourse de Tunis

The Bourse des Valeurs Mobili?res de Tunis or Bourse de Tunis is a stock exchange based in Tunis, Tunisia. It was founded in 1969, and currently lists around 50 shares....
) are covered in a quarterly report on Arab
Arab

An Arab is a person who Identity as such on linguistic or cultural grounds. The plural form, Arabs , refers to the Ethnocultural group at large....
 stock exchanges established by the Abu Dhabi
Abu Dhabi

Abu Dhabi is the capital city and second most populous city in the United Arab Emirates , after Dubai. It is also the seat of government of the emirate of Abu Dhabi , which is ruled by Khalifa bin Zayed Al Nahyan – the current ruling Emir of the UAE....
-based Arab Monetary Fund
Arab Monetary Fund

The Arab Monetary Fund is a Regional Arab Organization, Founded 1976, and has started operations in 1977, it is a working sub-organization to the Arab League....
. The report includes individual indices for each market, as well as a weighted composite tracking four Middle East
Middle East

File:GreaterMiddleEast1.pngThe Middle East is a region that spans southwestern Asia, western Asia, and northeastern Africa. It has no clear boundaries, often used as a synonym to Near East, in opposition to Far East....
ern and two North African stock exchanges.

Related organizations

  • Central Bank of Morocco
    Bank Al-Maghrib

    The Bank Al-Maghrib is the central bank of the Kingdom of Morocco. It was founded in 1959, and is based in Rabat. It holds reserves of foreign currency with an estimated worth of United States dollar 36 billion ....
     (BAM)
  • Brokage Firms Association (APSB)
  • The Deontologic Council for Securities (CDVM)
  • Moroccan Trust Companies and Investment Funds Association (ASFIM)
  • Moroccan Companies General Confederation (CGEM)
  • Moroccan Banks Professional Grouping (GPBM)
  • Ministry of Finance & Privatization


See also

  • Economy of Morocco
    Economy of Morocco

    Morocco's economy is considered a relatively liberal economy governed by the Supply and demand. Since 1993, the country has followed a policy of privatization of certain economic sectors which used to be in the hands of the Politics of Morocco....
  • List of African stock exchanges
    List of African stock exchanges

    This is a list of stock exchanges in Africa.Members of the African Stock Exchanges Association are marked with an asterisk *.Africa has at least one regional stock exchange, the Bourse R?gionale des Valeurs Mobili?res, or BRVM, located in Abidjan, Cote d'Ivoire....
  • List of Mideast stock exchanges
  • List of stock exchanges
    List of stock exchanges

    This is an active list of stock exchanges. Those futures exchanges that also offer trading in security besides trading in futures contracts are listed both here and the list of futures exchanges....


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