VOL. XLIII

No. 20

15-May-2000

MOROCCO

Casablanca Stock Exchange Falls 5.0% In 1Q 2000...

The Casablanca Stock Exchange trended lower through the first quarter of 2000 and touched a 27-month low on 28 April against the background of a decline in blue-chip stocks, a general feeling that the market was overvalued and profit-taking. As a result, the CFG-25 Index fell by 5.0% through the quarter and is down 7.7% in year-on-year terms. This is compared to the 3.2% drop in the fourth quarter of 1999 and...