What is the MADEX Index?
Short for Moroccan Most Active Shares Index, the MADEX Index is a compact index, tracking the most active securities continually listed on the Casablanca Stock Exchange. The index is based on liquidity over the previous six months.
Where have you heard about the MADEX Index?
First published in 2002, the MADEX Index is one of the two main indexes at the Casablanca Stock Exchange (the other index is the Moroccan All Shares Index (MASI).
What you need to know about the MADEX Index.
In order to better match a company's stock position and their position on the index, the Casablanca Stock Exchange changed the method for calculating their indexes in 2004, preferring to base their calculation on the idea of floating instead. Since this change, the MADEX Index has been regularly referred to as MADEX Float or MADEX Free Float Index. Generally, the MADEX Index serves as a reference for the listing of all funds invested in shares.
Find out more about the MADEX Index.
Understand the concept of MADEX Index further by reading our definition of stock market index.