The Moroccan stock market is benefiting from a robust dynamic, bolstered by a favorable environment and promising prospects. One notable factor is the organization of the World Cup, which has invigorated several sectors, opening significant investment opportunities for listed companies.
The Moroccan stock market is poised for remarkable expansion, with analysts predicting significant profit increases for listed companies throughout 2024. According to Hicham Saadani, Deputy Managing Director of BMCE Capital Global Research, the market is set to experience substantial growth, drawing the attention of both local and international investors.
These optimistic forecasts have heightened interest in the Moroccan stock market from both local and international investors, reinforcing Morocco’s position on the global economic stage, Saadani affirmed.
Moreover, Saadani noted that the market is valued at high levels, around 18.2 to 18.3, although these levels remain below the five-year average. This suggests there is still potential for investors to find attractive profitability opportunities among many listed companies.
Specifically, he identified the construction, real estate development, and healthcare sectors as having promising prospects. Meanwhile, the banking sector continues to play a crucial role in financing this economic momentum.
