Stocks Market
Morocco's Capital Markets Surge: 6.6 Billion Dirhams Mobilized in March 2026
In March 2026, Morocco's capital market raised a total of 6.61 billion dirhams, up sharply from 3.11 billion dirhams a year earlier, according to the Moroccan Capital Market Authority (AMMC). The bulk of the inflows came from negotiable debt securities (6.53 billion dirhams) with a modest contribution from equity issuances (80 million dirhams). Cumulatively, the market has gathered 19.45 billion dirhams year‑to‑date, down from 24.26 billion dirhams recorded at the end of March 2025, while the loan‑stock balance slipped 4 % to 50.7 billion dirhams. These dynamics point to a volatile yet increasingly active financing environment.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Morocco's Capital Markets Surge: 6.6 Billion Dirhams Mobilized in March 2026
The Moroccan capital market demonstrated strong activity in March 2026, raising a total of 6.61 billion dirhams (MMDH), up from 3.11 MMDH a year earlier, according to the latest data from the Moroccan Capital Market Authority (AMMC).
Breakdown shows that negotiable debt securities (NDS) accounted for 6.53 MMDH, while equity issuances contributed 80 million dirhams.
Year‑to‑date, cumulative fundraising stands at 19.45 MMDH, compared with 24.26 MMDH recorded by the end of March 2025.
Meanwhile, the loan‑stock balance reached 50.7 billion dirhams at the end of March 2026, representing a 4 % decline year‑to‑date.
In February, capital raises were limited to 5.6 MMDH.
These figures underscore a volatile but overall dynamic financing environment in the Moroccan market.