The Morocco Stock Exchange plans to launch financial derivatives to restore their position between emerging markets

Morocco plans to launch financial derivatives in the local stock market soon, as the country in North Africa, which is participating in the presentation of the 2030 Football World Cup, wants to regain its classification as a emerging market. Casablanca Stock Exchange CEO Tariq Al -Sunhaji said the financial instruments based on a central authority, including future contracts for both interest rates and individual shares of companies, will attract a more diverse base than the country is ready to finance a boom in infrastructure projects. “It would add a lot more liquidity and a lot of vitality to the market,” Al -Sunhaji said during an interview in London. He added that local companies will be able to collect financing “quickly and easily and a broader investor” at a stage in which Morocco wants to achieve great ambitions. The Casablanca Stock Exchange achieved different results that doubled the trading sizes on the Casablanca Stock Exchange over the past year, and the kingdom has the highest weight in the promising market index issued by MSCI to Vietnam. After Morocco’s shares achieved profits of 36% this year, compared to an average return of 7% in promising markets, Al -Sanhaji hopes that “MSCI” will reclass Morocco as a starting market to a 12 -year exclusion. Morocco has exported reforms in the capital market since 2021, as part of a plan launched by King Mohammed VI, which extends for 15 years to double the GDP per capita. The importance of listing in the emerging market index that inserts the emerging market index can attract significant investment flow. ‘MSCI’ regains any country after a period of monitoring during which factors are evaluated, such as the ease of investors, whether local and foreigners, the market easily, the size of the market, its value and the availability of liquidity that easily enables the sale and purchase of shares. Since the FIFA announced in October 2023 that Morocco will host the World Cup with Spain and Portugal, the most important index of the Moroccan Stock Exchange has risen 13%. The total market value rose to $ $ 2023 from $ 2023 from $ 64.6 billion. “There are many opportunities with very high capabilities for growth and development,” he said.