Rabat- Nezha Hayat, Chairwoman of the Moroccan Capital Market Authority (AMMC), presented the institution’s 2023 annual report to Head of Government Aziz Akhannouch during a meeting held on Thursday in Rabat. The report highlighted significant strides in the capital market, reflecting a year of robust economic growth and a marked slowdown in inflation.
In 2023, Morocco’s capital market recorded impressive progress, with the number of financial operations increasing by 36%, reaching MAD 87.3 billion (USD 8.6 billion). The net assets of collective investment schemes grew by 11.8%, amounting to MAD 600 billion (USD 57.5 billion), while the stock market capitalization stood at MAD 626 billion (USD 59.7 billion).
The AMMC’s report highlighted the authority’s achievements in supervising market operations and licensing financial stakeholders, as well as its pivotal role in modernizing market tools. These initiatives aim to strengthen Morocco’s financial ecosystem and align it with international standards.
The report also marked the conclusion of the AMMC’s 2021–2023 strategic plan and unveiled a new roadmap for 2024–2028. This forward-looking plan is designed to further stimulate the capital market, positioning it as a key driver of savings and economic activity.
Hayat touched upon AMMC’s ongoing commitment to fostering transparency and improving market transactions. “Our efforts remain centered on modernizing tools and encouraging investment to meet the demands of a dynamic economic landscape,” she noted.
The meeting shed light on the critical role of the AMMC in shaping a resilient and efficient capital market, contributing to Morocco’s broader economic ambitions. With the adoption of the new strategic plan, the authority aims to build on its past successes and drive greater innovation in the years ahead.
This promising outlook signals continued momentum for Morocco’s financial sector as it seeks to bolster its position in regional and global markets.
