Casablanca Stock Exchange Records Strong Trading Recovery in Q3 2025
The Moroccan Capital Market Authority reported that entities involved in collective investment and individual Moroccan investors accounted for 63.4% of the trading volume in the equities section of the Casablanca Stock Exchange during the third quarter of 2025.
The authority highlighted in its latest report on stock market investors that Moroccan corporate entities held the third position with a share of 24.9%, followed by investors placing their orders through the banking network (5.8%), and then foreign corporate entities (5.5%).
In a dynamic market context, trading volume reached 34.4 billion dirhams in the third quarter of 2025, marking an increase of 162% compared to the same period in 2024 (13.1 billion dirhams). The stock indices also reported quarterly performance increases of 4% for the “Masih” index and 3.5% for the “Masih 20” index.
In detail, the report indicated that collective investment entities, in a net buying position, achieved purchases worth 11.6 billion dirhams against sales of 8.4 billion dirhams. Compared to the third quarter of 2024, both their purchases and sales increased by 2.3 times and 2.2 times, respectively.
As for Moroccan corporate entities, they were in a net selling position, having made sales of 8.2 billion dirhams against purchases of 6.7 billion dirhams. Their purchases and sales grew by 2.1 times when compared to the third quarter of 2024.
Meanwhile, individual Moroccan investors recorded purchases of 9 billion dirhams, which represents an increase of 2.7 times compared to the third quarter of 2024, and a rise of 15.7% compared to the second quarter of 2025. They also achieved sales of 9.1 billion dirhams, an increase of 2.8 times compared to the third quarter of 2024, and 14.2% compared to the second quarter of 2025.
For investors resorting to transact via the banking network, their purchases amounted to 1.3 billion dirhams (a threefold increase compared to the third quarter of 2024), while their sales reached 2.2 billion dirhams (an increase of 2.2 times).
On the other hand, foreign corporate entities recorded sales of 1.9 billion dirhams, which is an increase of 2.5 times compared to the third quarter of 2024, and 4.7% compared to the second quarter of 2025. Their purchases totaled 1.4 billion dirhams, nearly doubling the volume recorded in the third quarter of 2024.
