Stability in the Casablanca Stock Exchange Amid Oil Price Surge
The Casablanca Stock Exchange exhibited a stable performance on Thursday, with the MASI index closing at 17,157.76 points, remaining unchanged after showing positive movement earlier in the session. The market's cautious stance can be attributed to the recent spike in oil prices, which has led to skepticism regarding the effectiveness of announced strategic reserve releases aimed at mitigating the impacts of the ongoing conflict in the Middle East.
In parallel, the MASI 20 index also closed steady at 1,309.89 points, while the market capitalization held strong at 960 billion dirhams. Investor participation remained robust, with a total trading volume exceeding 363 million dirhams, reflecting a dynamic market environment.
CFG Bank emerged as the frontrunner in trading volume, registering transactions of 97 million dirhams and concluding the day with a notable increase of 3.51%, reaching 212.20 dirhams, marking the second strongest gain of the day. Following closely was Marsa Maroc, which saw a modest rise of 0.12% to end at 753.90 dirhams with 40 million dirhams exchanged. Lafargeholcim also attracted attention, mobilizing 30 million dirhams with a closing price of 1,760 dirhams.
On the performance front, BMCI recorded an impressive gain of 3.39%, closing at 610 dirhams, while Sothema followed suit with a 2.96% increase to reach 1,668 dirhams. Conversely, Salafin experienced the most significant drop of the session, declining by 5.98% to 507.70 dirhams.
As reported by boursenews.ma.
