Stocks Market
Casablanca Stock Exchange Sees MASI Dip Below 18,000 Points as Weekly Losses Mount
The Casablanca Stock Exchange closed Friday's session in negative territory, with the benchmark MASI index slipping 0.29% to settle at 17,818.09 points, pushing its year-to-date decline to 5.46%. While major indices showed mixed movements, overall market capitalization retreated to approximately 1.05 trillion dirhams amid modest trading volumes.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Casablanca Stock Exchange Closes Lower as MASI Retreats Below the 18,000 Mark
The Casablanca Stock Exchange ended Friday's trading session on a downbeat note, weighed down by broad-based weakness across its key indices. The flagship MASI index shed 0.29% to close at 17,818.09 points, deepening its year-to-date underperformance to -5.46%.
Sub-Indices Show Mixed Performance
The day's trading revealed a divergence among the market's sub-indices:
- The MASI 20 declined by 0.49% to 1,287.87 points, extending its annual loss to -13.31%.
- The MASI ESG slipped 0.26% to 1,321.17 points, though it remained in positive territory year-to-date at +5.56%.
- The MASI Mid bucked the trend, advancing 0.69% to 1,736.57 points, despite carrying a -5.70% YTD deficit.
Market Capitalization and Trading Volumes
Total market capitalization on the exchange fell to 1,048,325,076,717 dirhams, while cash market trading volumes reached 238,284,752 dirhams, reflecting a relatively subdued session.
Top Gainers of the Session
Several stocks stood out with strong upward momentum:
- CMT led the rally with a remarkable gain of +9.99%, closing at 4,315.00 dirhams.
- FBR followed with a +6.51% advance to 365.00 dirhams.
- ZDJ climbed +4.91% to 278.00 dirhams.
- AGM added +4.63% to reach 7,000.00 dirhams.
- SBM gained +4.02% to close at 2,096.00 dirhams.
Notable Decliners
Conversely, several stocks faced significant selling pressure:
- CMG experienced the steepest drop, falling -4.41% to 282.00 dirhams.
- SOT lost -4.23%, closing at 340.00 dirhams.
- LHM retreated -3.10% to 1,656.00 dirhams.
- MOX declined -2.81% to 379.00 dirhams.
- T2S finished lower by -2.04% at 218.15 dirhams.
Futures Market Activity
The derivatives segment recorded total trading volume of 902,620 dirhams across four contracts:
- MASI20 FUTURE SEP26: 1,289.40 points (+1.53%)
- MASI20 FUTURE JUI27: 1,289.50 points (+0.78%)
- MASI20 FUTURE DEC26: 1,280.70 points (-1.79%)
- MASI20 FUTURE MAR27: 1,271.00 points (-2.61%)
The mixed performance in the futures market highlights investor uncertainty, with near-term contracts showing modest gains while longer-dated contracts remain under pressure.