Stocks Market
Casablanca Stock Index Surges Over 4% to Break the 17,000‑Point Barrier
The Casablanca Stock Exchange opened Wednesday with a spectacular rally, lifting the MASI by 4.56% to 17,147 points. The bounce came after a steep correction that pushed the index to its lowest levels since April 2025. Strong buying in large‑cap stocks such as SGTM, TGCC and Attijariwafa Bank helped restore confidence, while turnover on the central market topped 236 million DIRHAMS. Analysts note that the recovery is technical in nature, driven by investors snapping up undervalued blue‑chips amid ongoing geopolitical tension in the Middle East.
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Market Overview
The Casablanca Stock Exchange (CSE) kicked off Wednesday morning with a robust bounce, erasing much of the decline that marked the previous two sessions.
Despite lingering anxiety over Middle‑East geopolitical tensions, investors are snapping up large‑cap stocks at attractive prices, fueling a technical rebound in the MASI.
Key Numbers
- MASI index: +4.56% to 17,147 points
- Turnover on the central market: 236 million DIRHAMS
- Top traded stocks: SGTM (92.5 MDH, +2.27% to 716 DIRHAM), TGCC (31.8 MDH, +6.35% to 718.9 DIRHAM), Attijariwafa Bank (27.7 MDH, +4.56% to 711 DIRHAM)
Broad Market Participation
Several other stocks joined the rally. Akdital surged +6.63%, Marsa Maroc +6.82%, Alliances +6.02%, while AtlantaSanad posted the strongest gain among the most active securities at +9.15%.
The bounce appears to be a short‑term technical correction, but it signals that buying interest is returning after a wave of sell‑offs.