Positive Surge in Casablanca Stock Exchange
The Casablanca Stock Exchange closed positively on Thursday, driven by a resurgence in buying activity across various sectors. The MASI index experienced a notable increase of 1.04%, finishing at a robust 18,710.31 points, thereby recovering part of the decline seen in the previous session. This upward movement reflects a renewed investor confidence in the local market, indicating a potentially favorable trend in the near future.
Sector Performance Highlights
On the sector front, the Forestry and Paper segment stood out with an impressive growth of 4.08%, marking it as the top performer of the day. Among the most sought-after stocks, AGMA surged by 5.99% to reach 7,080 MAD, while Med Paper also recorded a gain of 4.08%, closing at 25.5 MAD. CFG Bank followed closely, achieving a rise of 3.40% to settle at 209.9 MAD. Conversely, the Engineering and Industrial Equipment sector faced the most significant downturn, experiencing a decline of 2.23%. Notable losers included IB Maroc.com, which plummeted by 7.55% to 55.01 MAD, followed by Rebab Company, down 5.99% to 98.24 MAD, and Zellidja, which fell by 4.39% to 305 MAD.
Moreover, trading activity saw a marked increase, with total transaction volumes exceeding 546.2 million dirhams, indicating heightened market engagement.
As reported by infomediaire.net.
