The first quarter of 2025 brought a powerful surge to Morocco’s stock exchange, driven by soaring trading volumes and a renewed push from institutional investors. Combined activity on both the central market and block trades reached a staggering 33.3 billion dirhams—marking a 185% increase compared to the same period last year.
Institutional players took center stage in this upswing. Nearly two-thirds of the trades on the central equities market were made by collective investment schemes and Moroccan corporations. Investment funds led the charge with a strong net buying position, purchasing 14.7 billion dirhams worth of shares while selling 8.8 billion. Moroccan companies, on the other hand, leaned more toward divesting, recording 11.6 billion dirhams in sales.
Retail investors in Morocco kept their positions largely balanced. Their purchases totaled 7.7 billion dirhams, closely matched by 7.9 billion in sales. Still, both the volume and frequency of their trades climbed noticeably, signaling growing interest and participation. Foreign institutions also stepped up their game, with their buying activity jumping by 87% year-over-year and their sales rising 69%.
Although still representing a smaller segment of the market, investors operating through the banking network dramatically increased their presence, with purchase activity more than tripling compared to the first quarter of 2024.
Casablanca’s stock exchange is riding a wave of renewed momentum. The MASI and MASI 20 indices both surged by 36%, while total market capitalization hit 925 billion dirhams. Trading orders soared by 86%, and contract activity doubled, reflecting a broad-based rally and robust engagement across the board.
