AMMC 2024 Annual Report Highlights Growth, Resilience, and Strategic Market Development

The Moroccan Capital Market Authority (AMMC) announces the publication of its Annual Report for the 2024 financial year. This report provides a comprehensive overview of the activity of the Moroccan capital market and the actions taken by the Authority during the past year.

Economic context, financing and resilience of stakeholders

In 2024, the national economy displayed notable resilience, driven by slightly higher growth than in 2023 and an easing of monetary policy. In this context, the capital market significantly increased its contribution to financing the national economy. Private debt issuances reached nearly 101 billion dirhams in 2024 (compared to 87 billion in 2023), while the total amount raised through equity securities reached 6.3 billion dirhams, including 1.1 billion raised through initial public offerings.

The rise in key stock market indicators confirms an upward trend, teh AMMC report shows. The MASI index recorded a 22.2% increase in 2024. This performance was accompanied by an increase in market capitalization, which reached 752.44 billion dirhams at the end of December 2024, registering an annual increase of 20.18%, and an increase in overall trading volume, which stood at approximately 99 billion dirhams, up 52.29% compared to 2023.

Market supervision, control and security, a priority for AMMC

The Moroccan Capital Market Authority (AMMC) is the regulatory body overseeing Morocco’s capital markets. It ensures market transparency, integrity, and investor protection while promoting market development and innovation. The AMMC supervises market participants, enforces regulations, and works to strengthen the capital market’s role in financing the national economy.

Ensuring market security and integrity remained a priority for the AMMC, resulting in a significant increase in its supervisory and control activities. The Authority conducted 35 control missions in 2024, marking an increase of nearly 20% compared to 2023 and 94% compared to 2022.

Strategic perspectives and market development

Building on these advances, the AMMC intends to pursue with determination its efforts to consolidate the development of the capital market and to strengthen its contribution to the financing of the national economy.

The strategic directions for the coming years are structured in particular around the deployment of the 2024-2028 strategic plan and the continued modernization of the regulatory framework governing the entire capital market.

__

(Featured image by Arturo Anez via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in LES ECO.ma. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.