Market Overview
The Casablanca Stock Exchange concluded its trading session on Friday with a notable downturn, primarily driven by profit-taking activities among investors. The benchmark index, known as the MASI, witnessed a decline of 2.18%, closing at 17,592.46 points. This downward trend reflects broader market corrections, particularly impacting various sectors, with the agricultural industry facing the most significant pressure.
Sector Performance and Notable Stocks
During this session, the agricultural sector index recorded the steepest decline, plummeting by 5.59%. Among the prominent stocks, Wafa Assurance experienced the sharpest drop, shedding 7.5% to finish at 4,810 dirhams. Similarly, BMCI saw a significant decline of 6.90%, closing at 540 dirhams, while Holcim Maroc fell by 5.96%, ending at 1,610 dirhams. In stark contrast, the mining sector emerged as a rare bright spot, with a modest increase of 0.2%. Several mining and pharmaceutical stocks showed resilience; notably, Minière Touissit surged by 9.97% to reach 2,681 dirhams, marking one of the best performances of the day. Additionally, Promopharm S.A. gained 5.87%, closing at 1,480 dirhams, while SMI climbed 3.54% to finish at 6,700 dirhams. Despite the overall market decline, trading activity remained robust, with total exchanges surpassing 624.08 million dirhams. This latest drop extends a challenging week for the Casablanca market, which had already seen several sessions of decline prior to the 2.18% drop on Friday.
As reported by infomediaire.net.
