PAM wins most seats in Morocco parliamentary vote, provisional results show

On 24 September 2026 provisional results show the Authenticity and Modernity Party (PAM) won the largest share of seats in Morocco's parliament, taking 97 of 395 seats. No party achieved an outright majority, so coalition talks will be needed and the king will appoint the prime minister from the largest party under the constitution.

Provisional results elevating PAM to the largest party introduce near-term political and policy uncertainty until a coalition and fiscal policy stance are clarified. That uncertainty can translate into wider Moroccan sovereign credit spreads and higher domestic bank-risk premia if markets perceive increased fiscal commitments, slower reform momentum, or weaker policy continuity during coalition negotiations and portfolio allocation.

King to appoint prime minister from the largest party and parties to begin coalition talks in the coming weeks.