"The Casablanca Stock Exchange will discontinue, as of January 1, 2022, the calculation of the MADEX index, which was created in 2002 and includes securities listed on a continuous basis," the Casablanca Stock Exchange said in a statement.

The success of the MSI20 has prompted the Casablanca Stock Exchange to continue modernizing its range of indices by establishing it as the benchmark index of the Moroccan stock market, alongside the MASI," it added.

Launched in December 2020, MSI20 is a new generation index that takes into account international best practices and Moroccan market's specificities.