Casablanca Stock Exchange
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| Casablanca Stock Exchange | |
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| Type | |
|---|---|
| Founded | 1929 |
| Headquarters | |
| Industry | Finance |
| Products | Stock trading services |
| Website | http://www.casablanca-bourse.com/ |
The Casablanca Stock Exchange (French: La Bourse de Casablanca) is a small but active stock exchange in Casablanca, Morocco. The third oldest stock exchange in Africa, it was established in 1929 and currently has 14 members and 66 listed securities with a total market capitalisation of $30 billion as of December 2005.
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.
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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 (Moroccan All Shares Index), comprises all listed shares, allows to follow up all listed values and to have a long-term visibility.
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.
The stock markets of Casablanca and Tunis (Bourse de Tunis) are covered in a quarterly report on Arab stock exchanges established by the Abu Dhabi-based Arab Monetary Fund. The report includes individual indices for each market, as well as a weighted composite tracking four Middle Eastern and two North African stock exchanges.
- Central Bank of Morocco (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
- Economy of Morocco
- List of African stock exchanges
- List of Mideast stock exchanges
- List of stock exchanges
