Stocks Market
Casablanca Stock Exchange Bounces Back: MASI Index Rises 0.78% on Tuesday
The Casablanca Stock Exchange rallied on Tuesday, with the MASI index gaining 0.78% to reach 17,677.27 points, narrowing its year‑to‑date underperformance to 6.20%. Trading activity was modest, totaling 63 million MAD, while Auto Nejma led the gains (+5.88%) and Balima posted the steepest drop (‑4.95%).
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Market Overview
On Tuesday the Casablanca Stock Exchange showed a clear recovery, helped by a stabilising trend in global oil prices. The MASI index closed up 0.78% at 17,677.27 points, cutting its year‑to‑date under‑performance to 6.20%. The broader MASI‑20 also rose, gaining 0.68% to finish at 1,309.99 points.
Trading activity remained modest, with a total turnover of 63 million MAD on the main market.
Most Active Securities
- Jet Contractors led the volume with MAD 6 million, despite a price drop of 0.87% to MAD 2,040.
- Attijariwafa Bank recorded MAD 5.9 million in trades.
- Maroc Telecom saw MAD 5 million exchanged.
Top Gainers
- Auto Nejma: +5.88% to MAD 5,400
- Label Vie: +4.74% (price not disclosed)
- Med Paper: +3.42% (price not disclosed)
Top Losers
- Balima: –4.95% to MAD 190
- Sonasid: –3.85% to MAD 1,922