Stocks Market
Casablanca Stock Exchange Launches First MASI 20 Futures Trades
On Monday morning, the Casablanca Stock Exchange recorded its inaugural futures trades as the new MASI 20 futures segment went live. The initial contracts covered the June 2026, September 2026, December 2026 and March 2027 expiry dates, with a total of 680 contracts traded and a notional value close to MAD 8.9 million.
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The Casablanca Stock Exchange (CSE) officially opened its futures market on Monday, marking a significant milestone for the Moroccan capital market. The debut contract was the MASI 20 Futures, a derivative that tracks the performance of the top 20 Moroccan equities.
First‑day trading details
- June 2026 expiry: 1,308.70 points
- September 2026 expiry: 1,302.90 points
- December 2026 expiry: 1,311.30 points
- March 2027 expiry: 1,320.70 points
A total of 680 contracts were executed, amounting to a notional exposure of roughly MAD 8.92 million by around 10:00 AM local time.
The December 2026 contract attracted the largest notional value, followed by the June, September 2026 and March 2027 contracts. This launch broadens the range of instruments available to investors and paves the way for more sophisticated hedging and speculative strategies on the Casablanca market.
Why it matters
The introduction of futures aligns the CSE with global best practices, enhances market depth, and provides a new tool for risk management. Market participants can now lock‑in future price levels for Morocco’s leading stocks, potentially increasing liquidity and attracting foreign capital.
Stay tuned for upcoming analyses on pricing, volume trends, and the impact of the MASI 20 Futures on the broader Moroccan equity market.