Casablanca, Morocco — The Casablanca stock market greeted the beginning of the trading week on a bullish note, with the benchmark Moroccan All-Share Index (MASI) opening higher on Monday. The MASI, which tracks the performance of the 20 most liquid listed companies, surged 1. 03% in early trading, reaching 17,695.
03 points. This recovery follows a slight dip in the market on Friday, indicating a positive start to the week for investors.
The broader market trend was also positive, with other key indices mirroring the upward momentum. The MASI 20, which focuses on the 20 most liquid companies, saw a 0. 78% increase, closing at 1,326.
9 points. The MASI ESG, composed of companies with the strongest environmental, social, and governance (ESG) ratings according to Moody’s ESG Solutions, experienced a more pronounced gain, rising 1. 52% to 1,234.
9 points. Smaller stocks also performed well, with the MASI Mid and Small Cap index advancing 1. 5% to 1,829.
15 points.
On a stock — by-stock basis, Lesieur Cristal led the gains, climbing 7. 42% to MAD 418. 95.
The company was followed by Minière Touissit, which saw its share price increase by 6. 92% to MAD 4,170, and IB Maroc. Com, which added 6.
35% to MAD 63. 85. Other stocks that moved higher included SMI, which gained 4.
14% to MAD 7,395, and Aradei Capital, which rose 3. 63% to MAD 419. 7.
However, not all stocks participated in the rally, with Involys suffering the biggest decline among listed shares, falling 3. 87% to MAD 131. 6.
Among other stocks that saw price changes, Cartier Saada slipped 3. 33% to MAD 29, Microdata dropped 2. 5% to MAD 780, Cash Plus lost 2.
14% to MAD 274, and Stokvis Nord Afrique edged down 2. 13% to MAD 69. The upbeat market sentiment at the start of the week contrasts with the MASI’s marginal loss of 0.
06% at the close of Friday’s session, suggesting a quick rebound in investor confidence. Morocco World News is also on X — check out our latest posts now! Get MWN on iOS and Android for instant access to breaking news.
Source: moroccoworldnews
