Casablanca Stock Exchange Closes Week Up 1.2% Led by MASI Index
The Casablanca Stock Exchange closed the week of October 12 to 16 in positive territory, with its main index, the MASI, advancing 1.2% to reach 16,997.92 points. Trading volumes approached 866 million dirhams (MDH), primarily realized on the central equities market, while market capitalization stood at nearly 1,000 billion dirhams (MMDH).
Sub-Indices Rise as Attijariwafa Bank Drives Trading Activity
The upward weekly trend was reflected across several sub-indices on the exchange. The MASI.20, tracking the 20 most liquid companies, gained 1.32% to 1,232.03 points. The MASI ESG index, which measures companies with the best ESG ratings according to Moody’s ESG Solutions, rose 0.96% to 1,253.35 points. The MASI Mid and Small Cap index increased by 0.54% to 1,616.68 points. Trading activity on the central market was heavily driven by transactions on Attijariwafa bank at 16.59%, Sodep-Marsa Maroc at 10.89%, and TGCC at 10.11%.
Sector Performances
Sector-wise, the real estate participation and promotion sector recorded the strongest weekly performance with a MASI gain of 13.22%. It was followed by the pharmaceutical industry at +4.05% and the health sector at +3.73%. Conversely, forestry and paper registered the steepest weekly decline at -1.56%, followed by real estate investment companies at -1.42% and transport services at -1.32%.
Individual Equity Movements
Among individual equities, Addoha led the gainers with a 16.67% jump to 34.99 dirhams (DH). It was followed by Alliances up 11.80% to 360 DH, Résidences Dar Saada up 7.28% to 162 DH, Fenie Brossette up 7.11% to 332 DH, and Vicenne up 5.63% to 300 DH. On the other hand, Zellidja suffered the sharpest weekly drop, falling 10.73% to 232.10 DH, ahead of IB Maroc.com down 5.38% to 51 DH, Rebab Company down 4.06% to 93.80 DH, Jet Contractors down 4% to 1,440 DH, and Minière Touissit down 3.61% to 4,027 DH.