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Aug 31, 1995

A Share is Just a Share

Casablanca may be better known as a black and white movie, but Morocco has become one of the fastest growing emerging markets

The elegant pile of whitewashed colonial architecture which houses the Casablanca Stock Exchange (CSE) appears to have been designed to shield its inmates from the dangers of the Boulevard Mohammed V outside, rather than to bother them with any immediate threat of future enrichment. Beyond the circular lobby, the flavour is more of a gentleman's club than of Africa's second largest bourse (after Johannesburg). Until recently, mutual funds were an unknown concept in Morocco. Hand-written share

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