Stocks Market
Casablanca Stock Exchange Snaps Five-Day Losing Streak with Strong 1% Rally
Morocco's benchmark MASI index staged a notable recovery on Thursday, climbing 1.04% to close at 18,710 points and breaking a five-session decline. The rally was driven by strong rebounds across major blue-chip stocks, with trading volumes reaching a solid 546 million dirhams on the central market, led by Maroc Telecom's 76 million dirhams in transactions.
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The Casablanca Stock Exchange witnessed a welcome reversal on Thursday, September 3, 2026, as the main MASI index regained positive momentum after enduring five consecutive sessions of losses. The benchmark closed 1.04% higher at 18,710 points, signaling renewed investor confidence across Morocco's equity market.
Trading Activity Remains Robust
Market liquidity remained healthy with the central market registering 546 million dirhams in trading volume. Telecommunications giant Maroc Telecom dominated the day's transactions, accounting for 76 million dirhams alone and confirming its position as one of the market's most actively traded securities.
Broad-Based Rally Across Indices
The recovery extended across all segments of the Casablanca bourse. The MASI 20 index, which tracks the market's most liquid securities, advanced 1.06% to settle at 1,352.72 points. However, despite Thursday's gains, the index remains significantly underwater for the year, posting a year-to-date decline of 8.95%.
The MASI ESG index continued its impressive performance trajectory, gaining 1.24% to reach 1,392.35 points. This sustainable investing benchmark has now delivered an 11.25% return since the start of the year, substantially outperforming other market segments. Meanwhile, the MASI Mid index recorded a more modest advance of 0.34% to 1,800.73 points, though it still shows a 2.21% deficit for 2026.
Futures Market Shows Positive Momentum
The derivatives market mirrored the cash market's bullish tone, with all MASI20 Future contracts posting gains. The July 2027 contract stood at 1,345.70 points (+1.10%), followed by March 2027 at 1,347.80 points (+1.05%), September 2026 at 1,352.20 points (+1.07%), and December 2026 at 1,349.80 points (+1.09%).
Top Movers and Shakers
Thursday's session produced notable winners and losers across individual equities:
Top Gainers:
- AGM led the advance, surging 5.99% to 7,080 MAD
- MDP climbed 4.08% to reach 25.50 MAD
- CFG added 3.40% to close at 209.90 MAD
- MNG rose 2.46% to 1,752.00 MAD
- CIH Bank gained 2.37% to finish at 345.00 MAD
Top Decliners:
- IBC suffered the steepest drop, falling 7.55% to 55.00 MAD
- REB retreated 5.99% to 98.24 MAD
- ZDJ declined 4.39% to settle at 305.00 MAD
- ATL slipped 3.90% to 122.00 MAD
- INV decreased 3.03% to close at 128.00 MAD
The day's trading activity suggests that investors seized the opportunity to re-enter the market after the recent pullback, particularly in large-cap names that had experienced selling pressure in previous sessions. Whether this marks the beginning of a sustained recovery or merely a technical bounce remains to be seen as market participants continue monitoring both domestic economic indicators and global risk factors.