Positive Shift in the Casablanca Stock Market
The Casablanca Stock Exchange witnessed a notable resurgence on Wednesday, buoyed by optimism surrounding a potential geopolitical resolution in the Middle East. This optimism stemmed from indications of a possible agreement between the United States and Iran, which significantly influenced investor sentiment.
At the market's close, the MASI index experienced a robust increase of 1.66%, reaching 18,939.74 points. This impressive performance not only recouped all of its previous annual losses but also resulted in a year-to-date gain of 0.50%, reflecting a positive trend in the local market.
Similarly, the MASI 20 index followed suit, climbing by 1.65% to settle at 1,382.53 points. The trading session was characterized by a favorable atmosphere, with a total trading volume of 408 million dirhams recorded on the central market.
In terms of trading activity, Managem led the session with the highest trading volume, reaching 81 million dirhams and marking a gain of 1.37% to 13,799 dirhams, even hitting a new intraday high of 14,000 dirhams. Other notable participants included Attijariwafa Bank and Akdital, with trading volumes of 45 million dirhams and 33 million dirhams, respectively.
On the performance front, Stroc Industrie topped the list of gainers with an impressive increase of 9.80%, reaching 218.50 dirhams, followed closely by Stokvis at 7.32% and M2M Group at 7.26%. Conversely, LabelVie faced a slight decline, dropping by 2.41% to 4,050 dirhams.
As reported by boursenews.ma.
