Casablanca Stock Exchange

Infobox_Company
company_name = Casablanca Stock Exchange
company_
company_type =
company_slogan =
foundation = 1929
location = flagicon|Morocco Casablanca
key_people =
num_employees =
industry = Finance
products = Stock trading services
homepage = http://www.casablanca-bourse.com/

The Casablanca Stock Exchange ( _fr. 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 second largest Bourse after Johannesburg Stock Exchange, South Africa and is the third oldest stock exchange in Africa [http://www.map.ma/eng/sections/box4/casablanca_stock_exc/view] . It was established in 1929 and currently has 16 members and 71 listed securities with a total market capitalisation of $96,3 billion as of May 21th 2008 [http://www.casablanca-bourse.com] .

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.

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 ("Moroccan All Shares Index"), comprises all listed shares, allows to follow up all listed values and to have a long-term visibility.

MADEX

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.

Performance reports

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.

Related organizations

*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

ee also

*Economy of Morocco
*List of African stock exchanges
*List of Mideast stock exchanges
* List of stock exchanges

External links

* [http://www.boursomaroc.com/ Casablanca Stock Exchange website]
* [http://www.casablanca-bourse.com/ Casablanca Stock Exchange website]