INTRODUCTION DEFINITION HISTORY HOW THE STOCK EXCHANGE WORKS ?

THE ROLES OF STOCK EXCHANGE THE CASABLANCA STOCK EXCHANGE THE STOCK EXCHANGES IN ORDER CONCLUSION

stock market, or equity market, is a private or public market for the trading of company stock and derivatives at an agreed price.it also a physical place where brokers gather to buy and sell stocks and other securities.

in the 11th century, in Cairo Muslim and Jewish merchants had already set up every form of trade association and had knowledge of many methods of credit and payment; in the 13th and 14th centuries manifestations of stock exchanges existed in the larger cities of northern Italy; In the 14th Dutch East India Company issued the first shares on the Amsterdam Stock Exchange. It was the first company to issue stocks and bonds;

Now there are stock markets in virtually every developed and most developing economies, with the world's biggest markets being in the United States, Canada, China (Hongkong), India, UK, Germany, France and Japan.

Have you ever attended an auction?

Have you ever attended an auction? When you buy an object at auction, you aren't buying from the auctioneer. It's the auctioneer's job to match buyers with sellers, and to get the best price possible for the seller.

Since there's no fixed price for any auction item, the selling price is set by the amount that a buyer is willing to pay. The stock market works in a somewhat similar fashion. It's an auction-based market, with intermediaries who match buyers and sellers of stocks.

Stock exchanges have multiple roles in the economy like : *Raising capital for businesses; *Mobilizing savings for investment ; *Redistribution of wealth ; *Creating investment opportunities for small investors ;

*Government capital-raising for development projects ; *Facilitating company growth ; *Corporate governance ; *Barometer of the economy .

The Casablanca Stock Exchange is a small but active stock exchange in Africa; Was established in 1929; The third oldest stock exchange in Africa;

second largest Bourse after Johannesburg Stock Exchange; Has 14 members and 77 listed securities; total market capitalisation of $66,3 billion as of December 2008.

The Casablanca Stock Exchange has two indexes :

MASI Moroccan All Shares Index

MADEX Moroccan Most Active Shares Index