Bourse de Casablanca delivered its best annual performance in nearly a decade, as renewed investor confidence and a gradual economic recovery lifted equities sharply through 2025.
The benchmark index of the Casablanca Stock Exchange closed the year up 27.5%, marking its strongest yearly gain in about nine years, according to the bourse’s annual reports. The rally capped a multi-year rebound following a period of market weakness, particularly in 2022, when global tightening financial conditions and domestic headwinds weighed heavily on stocks.
Market momentum began to rebuild in 2023 and gathered pace in 2024, before accelerating markedly last year. Analysts attribute the strong performance to improving corporate earnings, easing macroeconomic pressures, and growing interest from both local and foreign investors.
The rebound also reflects broader economic stabilization in Morocco, as inflation pressures moderated and key sectors showed signs of resilience. Banking, industrials, and consumer-related stocks were among the main drivers of the index’s advance, benefiting from improved demand and firmer balance sheets.
While the 2025 surge represents a significant turnaround, market observers caution that sustaining such gains will depend on continued economic reforms, stable financing conditions, and progress on growth-supporting policies. Still, the latest figures underscore the Casablanca market’s ability to recover from volatility and reassert itself as one of North Africa’s stronger-performing exchanges.
The record annual gain places 2025 as a standout year for Moroccan equities, reinforcing optimism that the recovery seen over the past three years may translate into a more durable upward trend.




