Casablanca Stock Exchange 2026: How to Invest in the MASI from Abroad

The Casablanca Stock Exchange (BVC) recovered in 2024 and 2025 after a period of underperformance. In 2026, the MASI (Moroccan All Shares Index) is growing in a favourable macroeconomic environment. For MRE looking to invest in Morocco outside of real estate, the Moroccan stock market deserves serious consideration.

The MASI in 2026

The MASI closed 2025 up approximately 12%, driven by banking stocks, telecoms and cement companies. In 2026, Morocco's expected GDP growth of 4.5 to 5% creates a supportive backdrop for listed company earnings.

The most active sectors by flow include banks (Attijariwafa Bank, BCP, BMCE), insurance (Wafa Assurance, Atlanta), telecoms (Maroc Telecom) and food processing (Centrale Danone, Cosumar).

The market remains relatively illiquid compared to European exchanges. Daily volumes run around 200 to 400 million dirhams. It is not a short-term trading market.

How to invest from abroad

MRE can invest through a securities account opened at a Moroccan bank or with a brokerage firm accredited by the AMMC (Moroccan Capital Markets Authority).

Account opening from abroad requires a passport, proof of foreign residence and a Moroccan bank account number (MDM account or convertible dirham account).

Funds invested from abroad are fully repatriable, including dividends, without exchange restrictions, provided the original sums were transferred through official banking channels.

What to check before investing

The AMMC publishes issuer transparency reports and alerts on suspended stocks. Before investing in a specific stock, reading the latest annual report and analyst notes from Moroccan brokerages (CDG Capital, BMCE Capital Bourse, Attijari Intermediation) is recommended.

The Moroccan market is not accessible through standard European brokers. Investing requires going through an AMMC-accredited bank or intermediary.

Share this article

Related articles

7 May 2026

Morocco 5% Rental Withholding from 1 July 2026: What MRE Landlords Need to Know

From 1 July 2026, rents paid to companies or to individuals under the net profit regime will be subject to a 5% withholding tax at source. For MRE landlords in Morocco, here is what changes in practice.

7 May 2026

Revolut in Morocco 2026: Where the BAM License Process Stands and What It Means for MRE

Revolut, the British neobank valued at over USD 30 billion with 40 million users, is preparing to enter Morocco. The license file is under review at Bank Al-Maghrib but no new foreign banking license has been granted in over a decade. What it means for MRE.

5 May 2026

Renewable Energy in Morocco 2026: MASEN, Noor and Concrete Investment Options for MRE

Morocco targets 52% renewable electricity capacity by 2030. In 2026, the solar and wind sector offers MRE genuine entry points, from residential projects to commercial-scale investments.

Related practical guides

Have a project in Morocco?

Find a LesMRE-verified expert to guide you through your steps.