Stocks Market
Casablanca Stock Exchange: MASI Extends Losses on Thin Volumes as Key Support Breaks
<p>The Casablanca Stock Exchange opened the week on a sour note as the benchmark MASI index slipped 0.83% to close at 17,159 points, marking an intraday low. Trading volumes remained anemic at just 129.6 million dirhams, reflecting a lack of conviction among investors amid absent positive catalysts. Technical charts deteriorated further after the index breached the 17,600-point support level, with the next floor seen at 16,850 points.</p><p>Sectoral indices painted a uniformly negative picture: the liquid MASI 20 shed 0.59%, the ESG-themed index dropped 1.36%, and the Mid-Cap gauge fell 0.93%. Notable divergence emerged among individual stocks—SNA surged nearly 10% while IBC, REB, and JET each tumbled over 5%. Futures activity was mixed across expiries, underscoring uncertainty about near-term direction.</p>
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Market Wrap: Monday, 5 October 2026
The Casablanca bourse extended its losing streak on Monday as sellers remained firmly in control throughout the session. After a brief morning bounce attempt, the MASI index surrendered ground to finish at 17,159 points, down 0.83% and printing the session low.
Thin Volumes Signal Caution
Turnover on the cash market amounted to a modest 129.6 million dirhams (MAD 129,594,381), well below recent averages. The subdued activity underscores investor hesitation in the absence of fresh fundamental drivers. Total market capitalization stood at MAD 1,008.4 billion.
Broad-Based Weakness Across Indices
- MASI 20 (large-cap liquid names): -0.59% to 1,242.04 pts
- MASI ESG (sustainability-focused): -1.36% to 1,263.16 pts (YTD +0.93%)
- MASI Mid (mid-cap segment): -0.93% to 1,664.24 pts
Session Movers: Sharp Divergence
Top Gainers:
- SNA: +9.98% to MAD 50.79
- ZDJ: +3.88% to MAD 260.00
- CRS: +3.62% to MAD 19.48
Top Losers:
- IBC: -6.62% to MAD 49.49
- REB: -5.61% to MAD 87.52
- JET: -5.61% to MAD 1,700.00
Futures Market: Mixed Signals
Derivatives turnover reached MAD 5.16 million. Performance varied by expiry:
- MASI20 FUTURE JUL27: -5.14% to 1,221.40
- MASI20 FUTURE MAR27: -0.25% to 1,259.80
- MASI20 FUTURE SEP26: -1.28% to 1,241.70
- MASI20 FUTURE DEC26: +0.71% to 1,257.30
Technical Outlook: Bearish Tilt Intensifies
Chart structure has deteriorated on both short- and medium-term horizons following the decisive break below the 17,600-point support. The immediate technical floor is now seen at 16,850 points. A sustained move below that level could open the door to deeper corrective moves.