Stocks Market
Casablanca Stock Exchange Updates Daily Share Buyback Limits for October 2026
The Casablanca Stock Exchange has released its monthly update on maximum daily volumes allowed for share buyback programs, effective October 1, 2026. Published under notice AV-2026-128, the new limits are based on trading statistics recorded during September 2026 and replace the previous notice 116/26. This regulatory update, grounded in Articles 5 and 6 of Law 1-16-151, sets the ceiling for daily repurchase quantities that listed companies must not exceed when executing authorized buyback programs.
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Regulatory Update on Share Buyback Programs
The Casablanca Stock Exchange officially published notice AV-2026-128 on October 1, 2026, announcing the monthly recalibration of maximum daily volumes applicable to share buyback programs for the month of October 2026.
Legal Framework and Basis
This regulatory action is carried out in strict application of Articles 5 and 6 of Dahir No. 1-16-151 dated August 25, 2016, which governs the Stock Exchange, brokerage firms, and financial investment advisors. The updated limits are derived from comprehensive trading statistics recorded throughout September 2026.
Key Changes and Implementation
- New Notice: AV-2026-128 dated October 1, 2026
- Replaces: Previous notice 116/26
- Effective Date: October 1, 2026
- Reference Period: September 2026 trading statistics
The notice establishes the maximum daily quantities that must not be exceeded by listed companies when executing their authorized share repurchase programs. These ceilings are designed to ensure orderly market functioning and prevent excessive concentration of trading volume in buyback operations.
Market Context
This monthly update is part of the Exchange's ongoing regulatory oversight to maintain market integrity and transparency in share buyback activities. Companies with active buyback authorizations must adjust their daily trading strategies to comply with the newly published limits.