Frontier Market With a 36% Gain Vies for EM Status With Futures

Morocco has launched derivatives trading on its local stock exchange in a bid to lure investors and win back emerging-market status as the North African nation prepares to co-host the 2030 FIFA World Cup.

A futures instrument covering the market’s 20 most liquid stocks went live on Thursday, according to a statement from Morocco’s capital markets authority, or AMMC. Centrally cleared derivatives will attract a deeper pool of investors as the nation prepares to finance a surge in infrastructure spending, Casablanca Exchange Chief Executive Officer Tarik Senhaji said.