Positive Trends Boost Casablanca Stock Exchange
The Casablanca Stock Exchange concluded the week on a high note, marking its third consecutive weekly gain. This upward momentum is attributed to a reduction in geopolitical tensions, particularly after Iran announced the continued openness of the Strait of Hormuz during the ceasefire period with the United States. The MASI index surged by 2.66%, reaching 19,238.41 points, having peaked intraday at 19,345.19 points, thereby surpassing the significant threshold of 19,000 points. This rally has not only erased all of the index's annual losses but has also positioned it with a year-to-date performance of +2.08%, resulting in a weekly increase of 4.29%.
Similarly, the MASI 20 index followed suit with a notable gain of +3.21% for the session, closing at 1,422.80 points, which reflects a weekly rise of +3.83%. Market activity remained robust, with a total volume of 1.3 billion dirhams traded on the central market. Leading the session in trading volume was Attijariwafa Bank, which handled 144 million dirhams, seeing an increase of +1.71% to reach 715 dirhams. Following closely, Marsa Maroc recorded 130.5 million dirhams in transactions, climbing +5.27% to 895 dirhams, while SGTM traded 108 million dirhams, rising +6.44% to 826 dirhams.
Market Highlights and Capitalization Growth
Among the top performers of the day, Stokvis Nord Afrique achieved the highest increase, soaring by +9.94% to 89.60 dirhams, while HPS also marked a significant rise of +9.61% to 650 dirhams, with a trading volume of 89 million dirhams. The overall market capitalization has now reached an impressive 1.093 billion dirhams, reflecting the positive sentiment among investors and the favorable market conditions.
As reported by boursenews.ma.
