Casablanca, Morocco — The Casablanca Stock Exchange (CSE) opened the week with a rise in the Moroccan All-Share Index (MASI), which closed at 17,599. 70 points, marking a 0. 48% increase and reducing the year-to-date loss to 6.
61%. This came on the heels of a historic development as the exchange launched its financial derivatives market, featuring the MASI 20 futures contract, “Future MASI 20.”While the broader index advanced, the MASI 20, which tracks the largest capitalizations, experienced a 0.
42% dip to 1,311. 11 points, reflecting a year-to-date decline of 11. 75%.
The trading session saw moderate activity, with a total volume of MAD 434 million ($46. 36 million) exchanged.
CFG Bank led the trading volume, with MAD 83 million ($8. 87 million) in trades. Despite this, the bank’s stock saw a 1.
67% decline to MAD 205. 5 ($21. 95).
Attijariwafa Bank followed, with MAD 77. 8 million ($8. 31 million) in volume, and its shares dropped by 0.
18% to MAD 680 ($72. 63).
Mining stocks were notable gainers, with Copper Mining and Metal (CMT) posting the strongest increase of 9. 97% to MAD 4,289 ($458. 10).
Société Minière de l’Imaghloune (SMI) and Managem also saw significant rises, with SMI up 8. 44% to MAD 7,700 ($822. 43) and Managem reaching a new peak of MAD 10,745 ($1,147.
66), up 7. 45% on the day.
The Casablanca Stock Exchange’s total market capitalization stood at MAD 996 billion ($106. 38 billion) by the end of the session. Despite mixed results, the introduction of futures trading added a new layer to the exchange’s operations, contributing to the overall positive outcome.
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Source: moroccoworldnews
