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Rise and Fall of Casablanca Stock Exchange: 2004-2008 Turbulence and the 2008 Crash
The Casablanca Stock Exchange (CSE) experienced a turbulent decade (2004-2008) marked by rapid growth and a dramatic crash. Initial post-2003 reforms spurred 15 new listings by 2007, attracting retail investors through tax incentives. However, the 2008 global financial crisis and a technical glitch governing traded volumes exposed vulnerabilities, leading to a 49% drop in market activity and eroding investor confidence.