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Casablanca Stock Exchange: Can the MASI Hold Its Ground Amid Oil Surge and Monetary Tightening?
Morocco's MASI index has declined modestly over three consecutive weeks, losing just over 2% since late August, yet maintains critical support levels around 18,615 points. While half-year corporate results show revenue growth near 11% and improving fundamentals for select companies, the market faces mounting headwinds from Brent crude climbing above $107 per barrel and an anticipated wave of central bank rate hikes, with the Fed expected to act this week and Bank Al-Maghrib convening on September 22.