Stocks Market

Casablanca Stock Exchange Slumps 3.3% as Oil Prices Surge Amid Iran Tensions

The Casablanca Stock Exchange saw a sharp 3.3% decline on Monday, March 9, 2026, as the MASI index broke below the 16,900‑point technical support. The drop was fueled by heightened geopolitical risk from the Iran conflict and a rapid surge in global oil prices, which are stoking fears of a prolonged energy crisis and worldwide inflationary pressure. Trading activity remained thin, with total turnover of MAD 332 million. While Attijariwafa Bank, Akdital and Alliances led the turnover chart, the biggest winners were Balima, Lesieur Cristal and Afriquia Gaz, whereas Jet Contractors and SMI suffered the steepest losses.

March 9th, 2026

1 min read

By boursenews.ma

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Market Overview

The Casablanca Stock Exchange (CSE) opened lower on Monday, March 9, 2026, breaking the technical support level of 16,900 points. The index continued the retreat that began last week, driven by escalating geopolitical risk in Iran and a sharp rise in global oil prices.

Index Performance

The main MASI index fell 3.30% to 16,533.58 points, extending its year‑to‑date decline to -12.27%. The MASI‑20 sub‑index dropped 3.63% to 1,251.84 points.

Trading Activity

Volume remained modest, with only MAD 332 million traded throughout the session.

Attijariwafa Bank led the market with MAD 32.6 million of transactions, down 4.74% to a price of MAD 667.90.
Akdital handled MAD 29.8 million, slipping 5.26% to MAD 1,009.00.
Alliances processed MAD 26.5 million, down 6.56% to MAD 391.50.

Top Gainers

Balima surged 5.94% to MAD 246.85.
Lesieur Cristal rose 5.76% to MAD 349.00.
Afriquia Gaz climbed 3.66% to MAD 3,798.00.

Top Losers

Jet Contractors fell 8.54% to MAD 2,005.00.
SMI dropped 7.28% to MAD 6,025.00.

Market Capitalisation

At the close, the CSE's total market capitalisation stood at approximately MAD 927 billion.