The Minister of Economy and Finance took part, on Monday, February 09, 2026 in Casablanca, in the first Conference of the Professional Association of Stockbroking Companies (APSB), organized under the theme: “The Moroccan stock market at the dawn of a new era. What challenges and what expectations?”
Speaking at the opening ceremony, the Minister recalled that, in the current context of confidence and macroeconomic stability, marked by the Kingdom’s return to Investment Grade, expected growth of nearly 5% in 2026 and the launch of a new cycle of structuring investments, the Stock Exchange is called upon to become a lever for transformation capable of supporting phases of economic acceleration. She emphasized that this context places Morocco on the path toward emergence desired by His Majesty King Mohammed VI, may God assist Him.
The Minister welcomed the recent performances of the stock market, with sustained growth of the indices, a historic level of capitalization and a significant return of investors, particularly individual investors. She nevertheless noted that this momentum remains concentrated on a limited number of large capitalizations and that the challenge is to make the Stock Exchange a true tool for financing growth, particularly for medium-sized enterprises.
She further specified that the development of liquidity constitutes a central challenge, built over time through strategies, innovation and the commitment of private stakeholders. In this regard, she highlighted the action of the public authorities, illustrated by ongoing projects concerning the regulation of market makers and index administrators.
Regarding stock market listings, the Minister stressed the need for close collaboration with the financial ecosystem, while underscoring the structuring role of the Mohammed VI Investment Fund, which strengthens companies’ equity and prepares the future stock market pipeline.
She also announced the launch of the futures market, scheduled for April 6, emphasizing that it constitutes a structuring step for the financial marketplace, offering new hedging tools, improving price formation and strengthening liquidity. She also stressed the strategic importance of strengthening Morocco’s presence in major international indices, notably MSCI, highlighting that product depth, investment strategies and innovation are essential to sustainably attract capital, and that the success of this new phase relies on a shared collective responsibility between public authorities and market participants.
Representatives of supervisory authorities, companies and market operators, professional associations, as well as leaders of financial institutions, issuers, investors and international experts, notably from the World Federation of Exchanges and the MSCI Group, took part in this conference.
The Conference was structured around two panels. The first focused on the drivers of market attractiveness and liquidity, through regulatory, international and issuer perspectives. The second panel addressed the new instruments set to structure the next phase of market development, notably the futures market, securities lending and borrowing, and ETFs.
