ABOUT CASABLANCA STOCK EXCHANGE

Industry: Finance
Founded: 1929
Products: Stock trading services
Website: www.casablanca-bourse.com
The Casablanca Stock Exchange (French: La Bourse de Casablanca) is a stock exchange in Casablanca, Morocco. 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 Bourse after Johannesburg Stock Exchange (South Africa) and Nigerian Stock Exchange in Lagos. 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 27, 2008 The exchange is relatively modern, having experienced reform in 1993. The CSE installed an electronic trading system, 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. 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:
  • 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.
  • MASI (Moroccan All Shares Index), comprises all listed shares, allows to follow up all listed values and to have a long-term visibility.