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Casablanca Stock Exchange Faces Further Pressure After Recent Market Correction
The MASI index suffered its steepest weekly drop since the Middle Eastern conflict began, falling 5.49% to close at 17,592.46 points—the worst performance in a week since the war started. Despite robust semestrial earnings reports from leading Moroccan companies such as Sonasid (+72%), SGTM (+7.3%), and CFG Bank (+10%), the broader market remains under pressure. Technical disruptions caused a Thursday session cancellation, while rising bond yields and the Central Bank of Morocco's decision to maintain the 2.25% policy rate have amplified the downward trend.