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Globalisation, Technology and Sustainable Development Book Series
BUSINESS EXCELLENCE AND COMPETITIVENESS IN THE MIDDLE EAST AND NORTH AFRICA
Allam Ahmed |
(from Section V: Finance and Banking)
| Full Citation and Abstract
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Title: |
Case analysis of the Moroccan stock market: a financial risk management approach |
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Author(s): |
Mazin A.M. Al Janabi |
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Address: |
Department of Economics and Finance, College of Business and Economics, United Arab Emirates University, P.O. Box 17555, Al-Ain, United Arab Emirates
m.aljanabi @ uaeu.ac.ae |
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Reference: |
BUSINESS EXCELLENCE AND COMPETITIVENESS IN THE MIDDLE EAST AND NORTH AFRICA pp. 253 - 264 |
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Abstract/
Summary |
This paper provides proactive risk management techniques and strategies that can be applied to investment and trading portfolios in emerging and illiquid markets, such as in the context of the Moroccan stock market. In this paper, we demonstrate a practical approach for the measurements of risk exposure for financial trading portfolios that contain illiquid equity securities. This approach is based on the renowned concept of Value-At-Risk (VAR) along with the creation of a software tool utilising matrix-algebra technique. In order to illustrate the proper use of VAR and stress-testing methods, real-world examples and feasible reports of risk management are presented for the Casablanca Stock Exchange (CSE). To this end, some case studies are achieved with the objective of creating a realistic framework of trading risk measurement and control reports. |
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