MASI Slides 2.8% as Mining Stocks Dominate the Trade Flow
Expert Summary
The Casablanca Stock Exchange’s main index (MASI) erased most of its April rally, closing the week down 2.81% at 18,419 points on a turnover of DH1.38 bn. The market’s performance is being shaped by a surge in mining‑related trading, especially Managem, which now accounts for more than 15% of total market capitalisation. Inflation is back in positive territory and quarterly results are trickling in, adding further uncertainty to the near‑term outlook.
The Casablanca Stock Exchange’s main index (MASI) erased most of its April rally, closing the week down 2.81% at 18,419 points on a turnover of DH1.38 bn. The market’s performance is being shaped by a surge in mining‑related trading, especially Managem, which now accounts for more than 15% of total market capitalisation. Inflation is back in positive territory and quarterly results are trickling in, adding further uncertainty to the near‑term outlook.
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