The day of reckoning has arrived for this year 2007 which proved eventful for the Casablanca stock exchange with the arrival of no fewer than 10 new companies to listing on the well number of listed companies to 73.
The 2006 performance has been restated in terms of encouraging the listing of firms on the Moroccan financial market, thus bringing the target of 100 listed companies for 2010 Deplus more credible.
Beyond Chifre introductions there is also the performance of two benchmark indices is to remember with an increase of no less than 33.92% for MASI and 31.13% for MADEX, a performance quite exceptional when you consider that 2006 had already seen the stock rise by 71.1% Moroccan and 22.5% in 2005.
horizon for 2008 promises to be an auspicious with a massive return for investors of all classes and especially the emergence of a class of investors that developed throughout the year Introductions over, it has now reached almost 100 000 individuals investing in stock. But despite the optimism
present a number of issues remain a concern for market development.
The portion of the tax on capital gain more than 10% to 15% for individuals and 20% for mutual funds could slow the growth of transactions and divert some of the new investors to other sectors, including the real estate. Similarly
year was marked by the enthusiasm caused by the multiplication of introductions and their promise of easy money and fast so far, but we realize that during the last operation the excess liquidity in the market caused a fall in the rate of satisfaction that often reached the award of 2 or 3 shares per person.
ridiculous figures coupled with a sharp moderation in the course of evolution of new entrants, for example SNEP introduced at 1250 dhs 1300 dhs only rating that currently only 4% increase, and introduced Atlanta to 1200 dhs only 1661 dhs is that an increase of 38%, it remains significant but far from Addoha or CGI in their time were the best ambassadors of the purse to the people, real media spotlight who have played the role of accelerator to the Casablanca Stock Exchange.
Finally, although that growth has been strong in recent years, the risk of creating speculative bubble remains limited given the good performance achieved by firms with an explosion of profits made possible thanks to a competitive local market and abroad including Africa and Morocco's economic growth driven by structural projects such as highways, railroads, new towns or the port of Tangier.
new introductions and the emergence of new products with the creation of a futures market should support within the grounds of the future expansion of the Moroccan market.
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