21 December 2010
FTSE Group (“FTSE”), the award winning global index provider, and the Casablanca Stock Exchange (CSE) today announced the creation of a new family of indices – the FTSE CSE Morocco Index Series. These new real-time indices will enhance the visibility of Morocco across the international investment community, at a time when investors are increasingly seeking investment opportunities in emerging markets.
Using FTSE’s world class indexing standards, the FTSE CSE Morocco Index Series will provide domestic investors with new and innovative investment options in Moroccan equities. The indices also provide international investors with liquid access to one of Africa’s largest markets (by market capitalisation), where the Casablanca Stock Exchange has been established since 1929.
The FTSE CSE Morocco Index Series currently consists of two indices, with index data available via distributors, including Interactive Data:
• FTSE CSE Morocco 15 Index (Real Time) consists of the top 15 stocks trading on the Casablanca Stock Exchange, ranked by gross market capitalisation, and calculated in real time (every 15 seconds);
• FTSE CSE Morocco All-Liquid Index (Real Time and End of Day) captures the performance of all liquid stocks trading on the Casablanca Stock Exchange and is available both in real time and as an end of day product.
The index series has been designed using FTSE’s robust rules for eligibility, free float and liquidity to provide investor confidence, and also open the doors to international listings on the markets operated by CSE.
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