Moroccan Most Active Shares Index (MADEX)

From MarketsWiki
Jump to navigation Jump to search


FTSE Russell banner 2016.gif


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).

References[edit]