How to initiate a buy or sell order in the stock market?

The Market Operations - Stock Exchange Option service allows the on-line placing of orders for buying and selling shares or rights, distributed on the Casablanca Stock Exchange.

To benefit from this service, we invite you to activate the module "Market operations - Stock Exchange option" through your agency or Business Center. 

To initiate your buy operations, simply:

  • go to the "Markets" section;
  • select the "Stock Exchange" service;
  • Select the "Place an order" option;
  • select the "Buy" option;
  • select the "Cash account";
  • select the "Securities account" associated with your cash account;
  • select one of the "Stock Market Securities" in shares or rights of your choice;
  • check the desired order placement mode:
  1. Market: this option allows the purchase of shares or rights at the last price fixed by the Casablanca stock market. If this mode is checked, the quantity to be filled in will be displayed, and must correspond to the last price of the displayed stock exchange value x the quantity increased by 130%.
  2. Limit: this option allows to fix a maximum price over a period of 30 working days so that a purchase of share or right can be operated, as from the date of reception of the order. This price cannot exceed the value of the last price of the selected share or right by +/- 30%.
  3. The reservation amount* will be deducted automatically, and according to the desired passage formula. This amount is calculated on the basis of a mark-up in relation to the last known price of the selected share or right in order to cover the fluctuation of the net asset value.
  • confirm your transaction.

 (*) A compensation could be paid directly to the selected cash account after execution of the order.

To initiate your sell operations, simply:

  • go to the "Markets" section;
  • select the "Stock Exchange" service;
  • select the option "Place an order";
  • select the "Sell" option;
  • select the "Securities account";
  • select one of the "Cash accounts" associated to your securities account;
  • select one of the "Stock exchange securities" held in shares or rights;
  • check the desired order placement mode:
  1. Market: this option allows the sale of shares or rights held at the last price fixed by the Casablanca stock market. If this mode is checked, the quantity to be filled in will be displayed.
  2. Limit: this option allows to fix a maximum price over a period of 30 working days so that a purchase of share or right can be operated, as from the date of reception of the order. This price must not exceed the last price of the selected share or right by +/- 30%.
  • confirm your operation.

Any order received during the day will be transmitted to the market the next working day (except weekends and holidays). The execution of any order is subject to the trading rules of the market in force.

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