Stocks Market
Bourse de Casablanca Closes Lower as MASI Index Drops 0.55%
<p>The Casablanca Stock Exchange saw a decline on Tuesday, with the MASI index dropping 0.55% amid heavy selling in large-cap stocks. Key players like Maroc Telecom remained stable, while others such as HPS faced significant losses. Trading volume reached 1.088 billion dirhams, driven by block market activity. This downturn adds to the MASI's year-to-date decline of 0.70%, signaling short-term bearish sentiment.</p>
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Market Overview
The Casablanca Stock Exchange ended Tuesday in negative territory, with the MASI index declining 0.55% to 18,715.25 points. This follows a year-to-date drop of 0.70% for the MASI 20 index, which closed at 1,368.49 points, down 7.89%.
Key Stock Movements
- MARSA Maroc: Traded 161 MDH at 859 dirhams, down 0.12%
- Managem: 83 MDH at 13,801 dirhams, down 1.42%
- Taqa Morocco: 41 MDH at 1,850 dirhams, stable
- Maroc Leasing: Gained 5.50% to 381.90 dirhams
- LabelVie: Up 2.14% to 4,199 dirhams
- HPS: Dropped 4.78% to 618.00 dirhams
Market Statistics
Total trading volume reached 1.088 billion dirhams, with 422 MDH on the central market and 665 MDH in block trades focused on Maroc Telecom.