Stocks Market
Casablanca Stock Exchange Ends Week on a High: MASI Surges After Positive Middle‑East Developments
The Casablanca Stock Exchange wrapped up the week with a strong rally, marking its third consecutive weekly gain. The MASI jumped 2.66 % to 19,238.41 points, erasing all losses recorded so far this year and posting a 4.29 % weekly increase, helped by easing geopolitical tension after Iran promised to keep the Strait of Hormuz open during the cease‑fire with the United States. Heavy trading activity (MAD 1.3 bn) saw Attijariwafa Bank lead volume, while Stokvis Nord Afrique and HPS posted the biggest single‑day gains.
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Weekly Performance Highlights
The Casablanca Stock Exchange closed the trading week on a positive note, posting its third straight weekly gain. The flagship MASI index rebounded 2.66 % to finish at 19,238.41 points, after touching an intraday high of 19,345.19 points and breaking back above the psychologically important 19,000‑point barrier.
With the rally, the index has completely erased its year‑to‑date losses and now shows a modest +2.08 % YTD gain, while the weekly advance sits at +4.29 %.
MASI 20 Index
The broader MASI 20 followed suit, climbing 3.21 % to close at 1,422.80 points, delivering a weekly rise of 3.83 %.
Trading Activity
Market activity remained robust, with a total turnover of MAD 1.3 billion on the main market.
Top‑Traded Stocks
- Attijariwafa Bank led the volume table with MAD 144 million traded, up 1.71 % at 715 MAD per share.
- Marsa Maroc followed, moving MAD 130.5 million and gaining 5.27 % to 895 MAD.
- SGTM (Société Générale Maroc) traded MAD 108 million, up 6.44 % at 826 MAD.
Biggest Gainers
- Stokvis Nord Afrique delivered the strongest single‑day performance, jumping 9.94 % to 89.60 MAD.
- HPS surged 9.61 % to 650 MAD on a volume of MAD 89 million.
Market Capitalisation
The total market capitalisation now stands at roughly MAD 1.093 trillion.
These movements come after Iran announced it would keep the Strait of Hormuz open for the entire duration of the cease‑fire with the United States, easing Middle‑East geopolitical risks and providing a tailwind for Moroccan equities.