Casablanca Stock Exchange Sees Positive Progress Amid Sector Variations
The Casablanca Stock Exchange has wrapped up the week from October 19 to October 23 with a modest increase. The primary index, known as the MASI, reached 17,054.31 points, reflecting a 0.33% rise over the five trading sessions. Notably, the real estate sector stood out, showcasing the highest performance among market sectors, with two of its stocks leading the gains.
The index for the "Real Estate Participation and Promotion" sector advanced impressively by 6.17%. Among individual stocks, Résidences Dar Saada emerged as the top performer, boasting a weekly increase of 9.32%, bringing its share price to 177.10 DH. Following closely is Addoha, which saw its shares appreciate by 7.49%, now priced at 37.61 DH. Completing the top three is Sanlam Maroc, which recorded a 6.2% rise, reaching 3,099 DH.
Conversely, the chemical sector experienced the most significant decline, with a drop of 3.07% during the week. In terms of individual stock performances, Promopharm faced the steepest decline, with its shares falling by 5.74% to 1,395 DH. Oulmès also struggled, dropping 5.04% to close at 1,130 DH, while Rebab Company rounded out the worst-performing stocks with a 4.05% decrease to 90 DH.
The weekly summary indicates a mixed performance across different sectors and stocks, despite the overall slight upward movement of the main index. Trading activity remained robust, with total transactions exceeding 1.03 billion dirhams during this period. The cumulative market capitalization approached 1 trillion dirhams by the end of the week.
As reported by infomediaire.net.
