The total workforce of brokerage firms stood at 175 at the end of 2021, down slightly compared to 2020, following 19 recruitments and 22 departures, indicates the AMMC in its 2021 annual report that its president Nezha Hayat presented to the head of government this Friday.
The sector has eased off recruitment for six to seven years. It must be said that some major operators are doing well (11 brokerage firms, bank subsidiaries, alone recorded 84.73% market share, including 62.10% by four of them) . But this is not the case for everyone: 8 brokerage companies do not return to their costs and show negative operating results.
In terms of activity, brokerage firms achieved a total turnover of 262.56 million dirhams in 2021, up 24.87% compared to 2020. But have not yet returned to their levels of activity. activity of 2019 where the turnover exceeded 370 MDH.
In addition, the brokerage firms achieved a positive overall net result of 64.19 million dirhams once morest a net result of 28.76 million dirhams in 2020, an improvement of 123.19%. But here too, far from the level of profits of 2019 (77 MDH).
The customer structure
In 2021, the number of brokerage firm clients active on the stock market fell by 2.82% compared to 2020. This variation is mainly due to the 7.80% decrease in the number of clients falling under the Moroccan natural person category, despite the 27.16% increase in the number of clients in the UCITS category. With regard to the structure, it should be noted that there is a preponderance of Moroccan individual clients (PPM) who represent 75% of clients, followed by UCITS at 16%, the rest being distributed among the other categories.
The annual report presented by the President of the Authority to the Head of Government reviews the main events that characterized the capital market in 2021, in particular the gradual return to economic recovery, as well as the stability and flexibility of transactions in the within the market during this period.
It also reviews the achievements of the Moroccan Capital Market Authority during this year, within the framework of its strategic plan which extends from 2021 to 2023 and which includes a series of measures aimed at contributing to the dynamism of economic recovery, for the post-Covid 19 period.
During discussions with the Head of Government, Nezha Hayat, affirmed the Authority’s commitment to pursue its efforts for the development of the capital market and the protection of savings invested in financial instruments, while continuing the process of digital transformation.
