FTSE Group said that at a time when investors are increasingly seeking investment opportunities in emerging markets, these new real-time indices will enhance the visibility of Morocco across the international investment community.
Using FTSE’s indexing standards, the FTSE CSE Morocco Index Series will provide domestic investors with new investment options in Moroccan equities.
The FTSE CSE Morocco Index Series currently consists of two indices, with index data available via distributors, including Interactive Data: FTSE CSE Morocco 15 Index and FTSE CSE Morocco All-Liquid Index.
FTSE CSE Morocco 15 Index (Real Time) consists of the top 15 stocks trading on the Casablanca Stock Exchange.
FTSE CSE Morocco All-Liquid Index (Real Time and End of Day) captures the performance of all liquid stocks trading on the Casablanca Stock Exchange.
The index series has been designed using FTSE’s robust rules for eligibility, free float and liquidity to provide investor confidence, and also open the doors to international listings on the markets operated by CSE.
FTSE Middle East and Africa managing director Jonathan Cooper said this is an exciting joint venture which will not only boost opportunities for increased capital flows into the Moroccan market but also facilitate international investments.
"By combining our index expertise with CSE’s market knowledge, global investors now have a robust means to assess, measure and gain access to the Moroccan market," Cooper added.
