The prospect of hosting the 2030 World Cup continues to generate beneficial effects on the Moroccan economy, and in particular on the Casablanca Stock Exchange, already booming thanks to this future major event. Since the announcement of the organization of this sporting event by Morocco, alongside Spain and Portugal, the market capitalization of Casablanca has recorded a significant increase, attracting a large flow of investors.
On the sidelines of the “Salon de l’Epargne 2024” in Casablanca, Yassine Abaroun, Business Development Officer at the Casablanca Stock Exchange, highlighted the catalytic effect of this major event on the stock market. According to him, the announcement of the organization of this Cup in Morocco had an immediate effect, notably stimulating the MASI index, particularly in the construction and public works sector. This phenomenon can also be explained by the fact that investors anticipate that a number of Moroccan companies will be called upon to build the necessary infrastructure, promising attractive returns on their shares.
In addition, this enthusiasm can be attributed to a reinforced perception of investment in active companies in the real economy in Morocco. Stock market players see this as a unique opportunity to participate in economic growth driven by large-scale sporting events.
It has therefore become crucial, in this context, to understand that stock market investment is above all a matter of anticipation. Investors rely on key economic, monetary, and financial information, including interest rates announced by Bank Al-Maghrib, as well as other geopolitical and climatic influences, to make informed decisions and chart next steps.
In addition, companies listed on the Casablanca Stock Exchange play a leading role in the Moroccan economy, generating around 40% of national turnover and offering numerous employment opportunities. Recent market dynamics have resulted in a series of IPOs, capital increases and M&A operations, thus strengthening Casablanca’s position. as the second most capitalized stock exchange in Africa.
To support this excitement, the Casablanca Stock Exchange took care to broaden its horizons in 2019 with the creation of an “Alternative Stock Exchange” dedicated to small and medium-sized businesses. The objective is to diversify the market offering by offering a variety of investment opportunities suitable for large and small investors, whether national or international.
It should be noted that the Salon de l’Epargne, in its second edition, continues until November 23. This unmissable meeting of the Moroccan financial sector offers a platform for discussions and analysis for experts, institutions and individuals seeking to optimize their savings and investment strategies. This show positions itself as an important vector for promoting savings in Morocco, promoting learning and the discovery of new financial solutions.
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