Stocks Market
Casablanca Stock Exchange Closes Week Deep in Red as MASI Breaks Key Support
The Casablanca Stock Exchange ended Friday's session with a sharp decline, as the benchmark MASI index plunged 1.57% to 17,303.69 points, breaking a major technical support level and nearing March lows. The selloff extended across all major indices, with the MASI Mid Small cap index suffering the steepest drop of 2.18%. Market capitalization stood at over 1 trillion dirhams despite the downturn, while trading volume reached nearly 260 million dirhams. Notable gainers included SOT (+6.06%) and DWY (+3.57%), while SNA led losses with a 10% plunge. Derivatives activity remained modest.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Market Indices Tumble as Technical Support Gives Way
The Casablanca Stock Exchange wrapped up the trading week on a decisively negative note Friday, with the flagship MASI index surrendering 1.57% to close at 17,303.69 points. The decline confirms mounting investor nervousness and marks the breach of a critical technical support level, pulling the benchmark closer to its March troughs. Year-to-date, the MASI now sits at a -8.19% deficit.
Broad-Based Weakness Across the Board
No major index was spared. The MASI 20, tracking the 20 most liquid stocks, shed 1.64% to 1,249.35 points, while the MASI Mid Small index bore the brunt of the selling pressure, plummeting 2.18% to 1,679.86 points. Even the ESG-focused MASI ESG slipped 1.64% to 1,280.56 points, though it retains a modest +2.32% gain since January.
Market Capitalization and Liquidity Snapshot
Despite the rout, the overall market valuation remains substantial at 1,019,083,951,791 dirhams, underscoring the depth of listed assets. Cash market turnover totaled 259,660,323 dirhams, with the bulk of activity concentrated on the central order book, reflecting intraday arbitrage and liquidity-driven flows.
Session Movers: Winners and Losers
Top Gainers:
- SOT: +6.06% to 350.00 DH
- DWY: +3.57% to 752.00 DH
- RDS: +1.88% to 163.00 DH
- MUT: +1.30% to 222.85 DH
- AFM: +1.20% to 1,265.00 DH
Top Losers:
- SNA: -10.00% to 46.18 DH
- SRM: -6.00% to 433.35 DH
- JET: -5.16% to 1,801.00 DH
- LBV: -4.74% to 3,801.00 DH
- SBM: -4.67% to 1,982.00 DH
Derivatives Market: Cautious Participation
Futures activity was relatively light, generating 3,560,180 dirhams in total volume. Key contracts showed mixed signals: the MASI20 FUTURE JUI27 inched up 0.09% to 1,287.60, while the MAR27, SEP26, and DEC26 expiries declined between 1.40% and 2.83%, hinting at a cautious near-term outlook among derivative players.