The financial heart of Morocco witnessed a strong surge of investor confidence as the Casablanca Stock Exchange closed decisively in green territory. The flagship benchmark index, the MASI, advanced by 1.01% to reach 17,606.97 points. This positive momentum reflects the continuous resilience and underlying dynamism of the Moroccan economy, driven by key strategic sectors and growing market liquidity across major corporate listings in Casablanca.
Key Market Indices and Sector Performance in Casablanca
The market's bullish run extended across multiple key indexes in Casablanca. The MASI 20, which tracks the 20 most liquid stocks traded on the exchange, posted a solid gain of 1.4% to stand at 1,291.69 points. Meanwhile, the MASI ESG index—highlighting Moroccan companies with top environmental, social, and governance practices as evaluated by Moody's ESG Solutions—advanced by 0.43% to reach 1,336.01 points. Small and medium-sized enterprises also shared in the prosperity, with the MASI Mid and Small Cap index gaining 1.39% to settle at 1,665.18 points.
Sectoral performance was spearheaded by the Agricultural Industry sector, which soared by 6.3%, followed closely by Leisure and Hotels with a 4.78% increase, and Construction and Building Materials advancing by 3.91%. Conversely, the Mining sector saw a decline of 1.66%, Real Estate Investment Companies dropped by 0.86%, and Food Processing/Production fell by 0.85% during the session.
Trading Volume and Top Moroccan Stock Movers
Overall equity transactions across the Casablanca trading floor reached approximately 343.8 million Moroccan Dirhams (MAD). Trading activity was primarily dominated by real estate giant Addoha, generating 51.28 million MAD in turnover, alongside construction powerhouse TGCC with 47.29 million MAD, and mining group Managem capturing 32.99 million MAD. Driven by these robust trading flows, total market capitalization stood strong near 1.031 trillion MAD.
Among individual stocks in Morocco, Jet Contractors led the top gainers list with an outstanding jump of 8.6% to 1,604 MAD, followed by TGCC which climbed 7.41% to 663.8 MAD. Vicenne, CMGP Group, and SGTM also recorded notable increases of 7.1%, 6.3%, and 5.33% respectively. On the losing end, Miniere Touissit saw the steepest decline, dropping 4.44% to 3,721 MAD, alongside Lesieur Cristal (-4.07%) and M2M Group (-3.34%).
As reported by fr.hespress.com.
