Moroccan Most Active Shares Index (MADEX)

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First published on January 1, 2002, the Moroccan Most Active Shares Index (MADEX) is a compact index that tracks the most active securities listed on the Casablanca Stock Exchange, based on liquidity over the previous six months.[1]

In 2004, the Casablanca Stock Exchange changed the method for calculating their indexes, based on the idea of floating, to better match the stock position of a company and their position in the index. Since then, the index is often referred to as MADEX Float or MADEX Free Float Index.[2]

The MADEX is one of two main indexes at the exchange, the other is the Moroccan All Shares Index (MASI).