Stocks Market
MSCI Keeps Morocco in Frontier Market Category, No Upgrade to Emerging Markets
MSCI’s annual 2026 market‑classification review confirmed that Morocco’s equity market will stay in the Frontier Markets universe. The North African country was neither re‑ranked nor placed under active surveillance for a possible move to Emerging Markets. The review’s main focus was on Bulgaria, Indonesia, Turkey, Bangladesh, South Korea and Greece, with Bulgaria slated to shift to Frontier status in May 2027.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
MSCI's 2026 Review Leaves Morocco Unchanged
MSCI released its annual market classification review for 2026 on Tuesday evening, confirming that the North African kingdom's equity market will remain in the Frontier Markets universe. The country was not listed among the markets slated for reclassification, nor is it under active surveillance for a possible upgrade to Emerging Markets.
The index provider highlighted that its 2026 review focused primarily on Bulgaria, Indonesia, Turkey, Bangladesh, South Korea and Greece. The only notable change was Bulgaria’s shift from a Standalone Market to a Frontier Market, a move that will take effect in the May 2027 review cycle.
MSCI also indicated that it continues to monitor a handful of other markets for future classification decisions, but Morocco was not among them.
Related market headlines
- Casablanca Stock Exchange: MASI index limits decline to 0.38% on a thin trading day (June 23).
- MASI closes with modest gain on Monday (June 22).
- Technical scoring of MASI‑20 constituents (June 22).