Casablanca Stock Exchange Starts the Week with Strong Gains
The Casablanca Stock Exchange began its trading on Monday with an upswing, as its main index, the “MASI,” recorded an increase of 0.94 percent, stabilizing at 17,383.2 points. This marked an initial response to the market’s recovery after last Friday’s losses, which amounted to 1.27 percent.
In terms of sector indices, the “MASI.20” index, which reflects the performance of the largest 20 listed companies, rose by 1.25 percent to reach 1,324.34 points. Meanwhile, the “MASI.ESG” index, designated for companies with top ratings in governance and environmental and social practices, increased by 1.08 percent to 1,197.19 points. Additionally, the “MASI Mid and Small Cap” index for small and medium-sized listed enterprises moved upward by 0.2 percent to 1,779.37 points.
On the individual stocks front, “Desway” led the gains with an increase of 7.45 percent, pushing its share price to 779 dirhams, followed by “Arradi Capital” (+5.99 percent / 425 dirhams), “Bank of Morocco” (+4.99 percent / 1,030 dirhams), “Alliance” (+4.51 percent / 428.5 dirhams), and “Bank Africa” (+4.39 percent / 214 dirhams).
On the flip side, shares of “Lesieur Cristal” saw the largest decline, dropping by 5.65 percent to 401 dirhams, followed by “Cash Plus” (-3.07 percent / 278.2 dirhams), “Visin” (-2.56 percent / 419 dirhams), “Casablanca Public Works” (-1.32 percent / 740 dirhams), and “Hitech Payment System” (-0.78 percent / 536.3 dirhams).
This daily performance reflects a divergence between large and small enterprises, as investors seem to remain focused on leading stocks that offer stable performance amid market fluctuations, while some other stocks are affected by reduced liquidity or sector-related news.
