Stocks Market
Bourse de Casablanca: MASI Suffers Worst Weekly Drop Since Middle East Conflict
The Casablanca Stock Exchange endured its most challenging week since the Middle Eastern conflict erupted, with the MASI index dropping over 5% across five trading sessions. Geopolitical uncertainty, disrupted Saudi supply chains, and sustained Brent crude prices above $100 have fueled risk aversion. Additional selling pressure from OPCVM investors has compounded the downward trend, reflected in significant declines across both the main MASI 20 index and its ESG and Mid sub-indices.
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The Casablanca Stock Exchange endured its most challenging week since the Middle Eastern conflict erupted, with the MASI index plunging by more than 5% across five trading sessions.
Geopolitical uncertainty remains pervasive, while disruptions to Saudi supply chains and persistently high Brent crude prices above $100 have reignited risk aversion among investors. Compounding these factors, increased selling pressure from OPCVM investors has further stressed an already fragile market.
Today's session saw the MASI fall 2.18% to 17,592.46 points on elevated volumes averaging around 624 million dirhams. The broader MASI 20 index declined 2.35% to 1,282.32 points, dragging its annual underperformance to -13.69%. Even the sustainability-focused MASI ESG and Mid indices were affected, slipping 1.96% to 1,307.79 points and 1.60% to 1,674.50 points respectively.
Among individual stocks, CMT delivered the strongest gain at +9.97% to 2,681.00 dirhams, followed by PRO (+5.87% to 1,480.00 dirhams), SMI (+3.54% to 6,700.00 dirhams), CTM (+2.01% to 858.90 dirhams), and DWY (+0.53% to 737.00 dirhams).
Conversely, several stocks suffered steep losses: WAA dropped 7.50% to 4,810.10 dirhams, BCI fell 6.90% to 540.00 dirhams, LHM decreased 5.96% to 1,610.00 dirhams, MUT slipped 5.96% to 221.00 dirhams, and CMG declined 5.59% to 287.00 dirhams.