Market News
 IPO of Jorf Lasfar Energy Company (JLEC) in December for a total amount of MAD 1 billion;
the biggest IPO since 2008.
 Capital raise of MAD 393.2 million by Crédit du Maroc (CDM), which constitutes 6.9% of the
capital of the bank.
 Capital raise of MAD 1.9 million by Société Maghrébine de Monétique (S2M), which
represents 1.49% of the capital of the firm.
 HOLCIM Maroc closed in December a capital increase, through the merger by absorption of
Holcim AOZ. The amount of the operation was of MAD 1.2 billion and 14.89% of the capital of
the Construction & Building Materials company.
 RISMA, a firm from the Leisure and Hotels sector, conducted in October, a capital increase of
15.6 millions of MAD through the conversion of convertible bonds.
 Morocco was reclassified in November as a Frontier Market, which raised the number of
stocks in the index to 8. As a result, Maroc Telecom, Attijariwafa Bank, Douja Promotion
Groupe Addoha, BMCE Bank, BCP, Lafarge Ciments, Managem and Wafa Assurance are all
now part of the MSCI Frontier Markets.
Partnerships
 The Casablanca Stock Exchange signed, in December, a partnership agreement with Bourse
Régionale des Valeurs Mobilières (BRVM). CSE and BRVM aspire to strengthen their
cooperation through the exchange of experience, trainings and technical assistance, the
promotion of both markets as well as the development of cross-listings.
 The Casablanca Stock Exchange joins Mundiapolis for the establishment of a trading room.
As part of its partnerships with schools and universities to promote the financial literacy, the
Casablanca Stock Exchange worked with the Mundiapolis University for the establishment of
a trading room in the university for the benefit of financial engineering students.
It has made available to university students a portfolio management tool that allows them to
trade in real market conditions. They also benefit from training sessions on the mechanisms of
the
stock
market
by
market
professionals.
 As part of its cooperation relationships with Casablanca Finance City, the Exchange School of
the Casablanca Stock Exchange co-organizes “Casablanca Finance City Academy seminars”.
These seminars are part of the Financial Engineering Master degree launched on September
2013 by CFC in partnership with the Mohammadia School of Engineering and the Hassania
Shcool of civil Engineering.
 The Casablanca Stock Exchange co-organized, with the Association Of Chartered Accountants
of Casablanca, the 6th edition of the international business competition that gathers several
universities.
Events
 The Casablanca Stock Exchange continued its efforts to attract new companies to the stock
market. It organized a conference dedicated to the entrepreneurs and companies from
Souss Massa Draa, a region from the south of Morocco. The conference was aimed at
demystifying the stock market and clarifying further how it can help companies raise
capital and grow.
 The Moroccan association of participative finance, the Casablanca Stock Exchange and
Thomson Reuters organized a workshop under the theme Sukuk, legal and fiscal
framework.
The event was hosted by the Casablanca Stock Exchange on Thursday 21 November 2013.