Stocks Market
Casablanca Stock Exchange Masi Slips Below 17,600 Points Amid Market Slide
The Casablanca Stock Exchange's benchmark index, the Masi, dropped 0.84% to 17,443.33 points on Thursday, extending its year‑to‑date decline to 7.44%. While some heavyweight stocks like HPS and Managem posted gains, the overall market showed weakness, with LafargeHolcim Maroc and Involys falling, and key movers SBM, CMT and Vicenne rising sharply.
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Casablanca Stock Exchange: Masi dips below 17,600 points as market slides
After a 2.05% rally the previous day, the Casablanca Stock Exchange's main index, the Masi, eased on Thursday, losing 0.84% to close at 17,443.33 points, extending its year‑to‑date loss to 7.44%.
The Masi 20 index followed suit, slipping 1.49% to 1,327.91 points. Trading volumes remained modest, reaching 383 million dirhams on the central market.
Top performers:
- HPS led turnover with 40 million dirhams, up 6.86% to 545 dirhams, buoyed by 2025 results that rose 40.5% and a more profitable 2026 outlook.
- Managem exchanged 38 million dirhams, gaining 3.01% to 8,480 dirhams after hitting an intraday high of 8,600 dirhams. The group reported 2025 earnings that surged 384% in net profit, surpassing 3 billion dirhams, and announced a 37.5% dividend increase to 55 dirhams.
Conversely, LafargeHolcim Maroc fell 3.01% to 1,740 dirhams on a volume of 32 million dirhams.
Losers of the day: Involys dropped nearly 10% to 141.35 dirhams.
On the upside, SBM surged close to 10% to 2,227 dirhams, followed by CMT (+8.06% at 3,500 dirhams) and Vicenne (+6.93% at 432 dirhams).
The total market capitalisation stood at 975 billion dirhams.
Other market highlights featured Allianz Trade appointing Francis Jespers as CEO and the dirham’s 0.4% gain against the euro.