BOURSSOLE Logo
BOURSSOLEYour smart investing compass
Stocks Market

Stocks Market

Moroccan Markets Surge in 2025: Construction, Mining, and Banking Drive Revenue Growth

<p>Moroccan listed companies posted a total turnover of **DH 360.45 billion** in 2025, a **9.95% increase** over 2024. The rise mirrors a robust 4.7% national economic growth driven by a revitalised agricultural sector, expanding non‑agricultural activities, and accelerated infrastructure investment.</p><p>The construction (BTP) sector led the surge with a **DH 11.7 billion** contribution (+28.2%), followed by mining (+DH 5.4 billion, +51.9%) and banking (+DH 4.8 billion, +5.3%). Other notable gains came from distributors, insurers, health, and IT‑related firms, while oil & gas revenues fell.</p>

March 3rd, 2026
2 min read
By boursenews.ma

Listen to this article

Unlock audio versions of premium articles and more with a Pro subscription.

Upgrade to Unlock

Revenue Overview – 2025

Listed companies on the Casablanca Stock Exchange generated a combined turnover of DH 360.45 billion in 2025, up 9.95 % from the 2024 figure of DH 327.81 billion. The additional DH 32.6 billion reflects a national economic expansion of **4.7 %** driven by a revival in agriculture, vigorous non‑agricultural activity, and a surge in infrastructure projects.

Top Performing Sectors

  • Construction (BTP): +DH 11.7 billion (+28.2 %). The boost stems from accelerated execution of flagship projects linked to the 2025 African Cup of Nations and preparations for the 2030 FIFA World Cup.
  • Mining: +DH 5.4 billion (+51.9 %). Precious‑metal price gains were the main driver, with Managem contributing +DH 4.8 billion (+54.6 %).
  • Banking: +DH 4.8 billion (+5.3 %). Leading banks were Bank of Africa (+DH 1.63 billion, +8.7 %), Banque Centrale Populaire (+DH 1.40 billion, +5.5 %) and CIH Bank (+DH 683 million, +14.4 %).

Other Notable Movers

  • Distributors: +DH 4.3 billion (+15.8 %).
  • Insurance: +DH 2.2 billion (+8.7 %), driven by Wafa Assurance (+10.9 %) and AtlantaSanad (+15 %).
  • Health: +DH 1.7 billion (+45 %), led by Akdital (+49.4 %) and Vicenne (+29.5 %).
  • Pharmaceuticals: Revenue up 14 %.
  • IT – Materials, Software & Services: Growth of 14.8 %.
  • Oil & Gas: Decline of 5.5 % due to reduced activity from some operators.

Overall, the 2025 performance confirms that revenue growth for Moroccan listed firms remains on an upward trajectory, anchored by construction, mining and banking, within a context of contained inflation and renewed investment confidence.

CSEMA:BOA Data

Discussion (0)