Casablanca Stock Exchange Continues to Suffer Losses as “MAZ” Index Falls by 1.3%

Update

The Casablanca Stock Exchange opened trading on Tuesday with another decline, continuing the downward trend that began at the start of the week. Its main index, “MAZ,” dropped by 1.3%, settling at 18,733 points.

The “MAZ 20” index, which comprises the 20 most liquid stocks on the market, fell by 1.25% to 1,522.71 points. Meanwhile, the “MAZ ESG” index, which is dedicated to the highest-rated companies in environmental, social, and governance aspects by Moody’s ESG Solutions, decreased by 1.02%, reaching 1,278.9 points. The mid and small-cap index, “MAZ Mid and Small Cap,” also declined by 1.21% to settle at 1,856.15 points.

Biggest Losers
Some stocks registered sharp declines, including IB Maroc.com (-9.99% to 63.01 Dirhams), TGCC S.A (-8.81% to 807 Dirhams), Fenie Brossette (-8.75% to 401.5 Dirhams), Disty Technologies (-8.63% to 370.05 Dirhams), and Jet Contractors (-8.2% to 2,206 Dirhams).

Notable Gains
Conversely, some stocks achieved modest gains, including AtlantaSanad (+2.81% to 138.8 Dirhams), Aluminium du Maroc (+2.13% to 1,868 Dirhams), SMI (+0.5% to 2,590 Dirhams), HPS (+0.4% to 502 Dirhams), and S.M Monétique (+0.33% to 601 Dirhams).

This decline comes on the heels of Monday’s session, during which the market finished down by 1.88% for the “MAZ” index at the close.