2023-08-13 20:46:31
The outstanding amount of shares listed on the Casablanca Stock Exchange held by foreigners and Moroccans residing abroad (MRE) stood at 156 billion dirhams (MMDH) in 2022, out of a total market capitalization of 561 billion MAD, representing a holding rate of 27.8%, according to the Moroccan Capital Market Authority (AMMC).
This proportion is down compared to the end of the previous year (30.3%), but remains higher than the low point observed in 2012 (26.5%), specifies the AMMC in its Review of the capital market of the month of July.
This drop results in particular from the depreciation of the prices of listed shares making up the portfolios of foreign investors, the benchmark index of the Casablanca Stock Exchange having fallen by 19.75% in 2022, explains the same source. In addition, the AMMC indicates that the main foreign holders of listed companies remain investors from Middle Eastern and European countries, and alone account for more than 93% of total investment by foreigners and 26 % of market cap.
Investors from these two regions are mainly located in the United Arab Emirates and France whose stocks of shares held mainly concern companies operating in the sectors “Telecommunications”, “Electricity”, “Banks”, “Oil and gas ” and “Building and construction materials”.
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