Stocks Market
Casablanca Stock Exchange Extends Rally with 0.44% Gain as MASI Records Second Consecutive Session of Gains
Morocco's Casablanca Stock Exchange closed Friday's trading session in positive territory, marking its second consecutive day of gains. The benchmark MASI index climbed 0.44% to reach 18,792.25 points, narrowing its year-to-date decline to just 0.29%. The session saw broad-based strength across major indices, with blue-chip stocks leading the advance and trading volumes reaching MAD 306 million.
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The Casablanca Stock Exchange delivered a positive performance on Friday, September 4, 2026, with the main benchmark index extending its recovery for a second consecutive session. Investors witnessed broad-based gains across the Moroccan equity market as buying momentum picked up.
Main Index Performance
The MASI index advanced 0.44% to close at 18,792.25 points. This upward move has helped trim the index's year-to-date losses to just 0.29%, bringing it closer to breakeven territory for 2026. The sustained buying interest signals growing investor confidence in the market's near-term prospects.
Blue-Chip Stocks Lead the Charge
Large-cap stocks demonstrated particularly strong momentum during the session. The MASI 20 index, which tracks the exchange's 20 largest companies by market capitalization, surged 0.73% to settle at 1,362.59 points. Despite this daily gain, the index continues to face headwinds on a longer timeframe, remaining down 8.28% since the beginning of the year.
The MASI ESG index, which focuses on companies with strong environmental, social, and governance credentials, edged up 0.05% to 1,393.01 points. Notably, this index has outperformed its peers substantially in 2026, boasting a year-to-date gain of 11.30% — the strongest performance among the major indices tracked by the exchange.
Meanwhile, the MASI Mid index, representing mid-cap stocks, posted a modest increase of 0.26% to finish at 1,805.32 points. The index has recorded a year-to-date decline of 1.96%, showing relative resilience compared to the large-cap benchmark.
Futures Market Activity
Derivative instruments mirrored the positive sentiment in the cash market. The MASI20 Future JUI27 contract climbed 0.75% to 1,355.80 points, while the MAR27 contract gained 0.74% to reach 1,357.80 points. Nearer-term contracts also participated in the rally, with the SEP26 and DEC26 futures advancing 0.61% and 0.74% respectively, closing at 1,360.40 and 1,359.80 points.
Market Liquidity and Capitalization
Trading activity remained healthy, with total cash market turnover reaching MAD 306,041,495. The exchange's overall market capitalization stood at MAD 1,101.86 billion (MAD 1,101,859,515,988) at the closing bell, reflecting the cumulative value of all listed securities.
Top Gainers
Several stocks recorded impressive gains during the session:
- WAA topped the winners' list with a remarkable surge of 9.44%, closing at MAD 5,450
- BAL jumped 5.82% to MAD 200
- SAH climbed 4.53% to MAD 3,000
- CMA advanced 3.24% to MAD 1,750
- JET rounded out the top performers with a 3.21% gain to MAD 2,059
Top Decliners
On the flip side, several stocks experienced significant selling pressure:
- SOT suffered the session's steepest decline, plunging 9.81% to MAD 340
- DWY dropped 8.37% to MAD 701
- SBM fell 5.65% to MAD 2,005
- FBR lost 4.55% to MAD 375.10
- REB declined 3.30% to MAD 95
The mixed performance across individual stocks highlights the selective nature of Friday's rally, with investors favoring certain sectors and companies while rotating out of others. The overall market trend, however, remained constructive as buying interest outweighed selling pressure across the broader market.