Casablanca stock market transactions soar by 133% in 2003
Morocco, Economics, 3/12/2004

The volume of transactions conducted at the Casablanca stock market reached 53.7 billion DH (around US$ 6.03 billion) in 2003, which is a 133.5% increase, says the newsletter of the Moroccan national institute of juncture analysis.

This progression is ascribed to the good performance of the secondary market where the sales has soared by over two folds. The sales consisted mainly of block trade which accounted for 74.7% with a volume of 38.6 billion DH (US$ 4.3 billion), as compares to 12.8 billion DH (US$ 1.4 billion) in 2002.

Meanwhile, the volume that transited in the central market also grew by 53.6% in 2003.

This positive performance has yielded an improvement in the market liquidity, calculated on the basis of the traded shares, increasing from 22.1% in 2002 to 38.7% in 2003. (MAP)SH

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