Market Overview: MASI's Continued Downward Trend
The Casablanca Stock Exchange experienced a continued decline on Friday, with the MASI index dropping by 1.69% to reach 18,815.18 points. This downturn brings its year-to-date performance to a slight decrease of 0.17%. Over the course of the week, the index recorded a more significant decline of 2.20%, effectively ending a three-week streak of gains. The MASI 20, which serves as a benchmark for major liquid capitalizations, mirrored this trend by settling at 1,377.59 points, reflecting a weekly decrease of 3.18%.
Trading Activity and Notable Stocks
Despite the overall decline, trading activity on the central market remained robust, with a total trading volume of 667 million dirhams. Leading the exchange was Managem, whose shares were traded worth 86 million dirhams, marking a decline of 2.15% to 13,991 dirhams. Following closely was CMT, with transactions worth 60.2 million dirhams, which experienced a slight increase of 2.06% to 4,900 dirhams. Attijariwafa Bank rounded out the top three, witnessing a decrease of 2.96% to settle at 689 dirhams, with a trading volume of 58.4 million dirhams. In terms of share performance, Risma saw a positive shift, rising by 1.94% to 367 dirhams, while Sothema faced the most significant drop of the session, plummeting by 5.87% to 1,700 dirhams. The total market capitalization stands at 1,074 billion dirhams.
As reported by boursenews.ma.
