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

22 September 2026

MRE: This mistake when buying in Morocco can block your money repatriation

A foreigner or MRE investing in Morocco can only repatriate resale proceeds if the purchase was financed in foreign currency. The Exchange Office requires banking traceability from the outset; otherwise the transfer is blocked. Under Article 171 of the Exchange Instruction.

9 September 2026

Franco-Moroccan succession: how to avoid double taxation

The lack of a Franco-Moroccan inheritance tax treaty risks double taxation. France taxes worldwide estates if the heir or deceased was a French tax resident, while Morocco levies near-zero duties. The French tax credit (Art. 784A CGI) only offsets duties actually paid in Morocco. EU Regulation 650/2012 allows choosing Moroccan law via will. In France, a €100,000 allowance per heir per parent every 15 years applies before progressive rates; lifetime gifts or SCI structures can optimize transfer.

8 September 2026

MRE remittances up 8.1% by end July 2026

Transfers from Moroccans residing abroad reached 74.78 billion dirhams by end of July 2026, up 8.1% year‑on‑year, according to the Exchange Office. Figures confirm the regularity of flows sent to Morocco. over the course of the year.

Related practical guides

Have a project in Morocco?

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