Casablanca Stock Exchange Experiences Gains as MASI Index Rises
The Casablanca Stock Exchange has kicked off the week on a high note, with its main index, the MASI, recording an impressive gain of 0.59% to reach 17,154.15 points this Monday. This positive momentum is echoed in other indices as well; the MASI 20, which tracks the 20 most liquid stocks, increased by 0.58% to settle at 1,249.2 points. Additionally, the MASI ESG, reflecting companies with the best ESG ratings according to Moody’s ESG Solutions, saw a notable rise of 1.09%, reaching 1,263.53 points. The MASI Mid and Small Cap index, which monitors the performance of small and medium-sized listed companies, also recorded gains, climbing 0.6% to 1,642.53 points.
In terms of individual stock performances, Jet Contractors led the way with a remarkable increase of 5.07%, bringing its price to 1,575 dirhams. Following closely, Taqa Morocco gained 3.93%, reaching 1,694 dirhams, while Ciments du Maroc rose by 3.35% to 1,449 dirhams. Other notable performers include Vicenne, which saw a 3.33% increase to 310 dirhams, and IB Maroc.com, which rose by 3% to 51.5 dirhams.
Conversely, some stocks experienced declines, with Cartier Saada dropping 4.09% to 18.51 dirhams, and CIH falling by 4.07% to 305.05 dirhams. Other stocks that faced significant losses include Zellidja S.A, which declined 3.89% to 221.05 dirhams, Med Paper, down 3.81% to 21.45 dirhams, and Afriquia Gaz, which fell 2.33% to 3,601 dirhams. It is worth noting that last Friday, the MASI closed with a loss of 0.47%, making today's gains particularly noteworthy.
As reported by fr.hespress.com.
