Cairo, May 21 - The Casablanca Stock Exchange (CSE), which has achieved one of the best performances in the region of the Middle East and North Africa (MENA), is Africa's third largest Bourse after those of Johannesburg, South Africa, and Cairo, Egypt, Casablanca stock exchange chairman said on Tuesday.
Today, the capitalization of the Bourse des Valeurs de Casablanca stands at USD 96.3Bn, while the average volume of daily transactions has reached USD 137.7Mn, Fathallah Berrada told MAP on the sidelines of the World Economic Forum (WEF) on the Middle East.
Mr. Berrada stressed that the financial institution has also become a guarantee for foreign investors in terms of performance and international standards.
The Casablanca Stock Exchange is the third oldest stock exchange in Africa as it was established in 1929. It includes two markets: the Central Market and a Block Trade Market, for block trades.
In 1993, the CSE was reformed and installed an electronic trading system and in 1997 the stock market opened a central scrip depository. It has currently 16 members and 71 listed securities.
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