Stocks Market
Casablanca Stock Exchange Posts Modest Gains as US‑Iran Talks Boost Sentiment
The Casablanca Stock Exchange edged higher on Monday, with the benchmark MASI index up 0.21% to 18,391 points. Investors stayed cautious but were buoyed by the first round of US‑Iran diplomatic talks held in Switzerland, which sparked optimism across global markets. TotalEnergies led trading volume, while Cosumar, CMT, SMI and Salafin showed the most notable price moves.
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Casablanca Stock Exchange posts modest gains amid diplomatic optimism
Monday’s trading session at the Casablanca Stock Exchange ended on a slightly positive note. The benchmark MASI index rose 0.21 % to 18,391.12 points, narrowing its year‑to‑date decline to –2.42 %. The broader MASI 20 index, which tracks the largest caps, remained virtually unchanged at 1,337.43 points.
Market activity was modest, with a total turnover of MAD 159 million on the main market. TotalEnergies led the pack, accounting for MAD 40.8 million of traded value and closing up 0.13 % at MAD 1,539. Cosumar followed with MAD 37 million in volume, gaining 0.32 % to close at MAD 187.50.
Top price movers
- CMT surged 6.20 % to MAD 4,949.
- SMI jumped 4.58 % to MAD 6,799.
- Salafin slipped 4.35 % to MAD 440.
At the close of the session, the market capitalisation of the Casablanca exchange stood at MAD 1.057 trillion.
Investors remain cautious, awaiting further developments in the ongoing United States‑Iran diplomatic talks. The first round of negotiations, held in Switzerland, was seen as a reassuring sign for global risk sentiment, and a second round is expected to continue through the week.