The Casablanca Stock Exchange Regains Strength at Opening
Casablanca Stock Exchange Sees Positive Start After Previous Day’s Drop
Casablanca – Following a sharp decline of 2.3% in the previous session, the Casablanca Stock Exchange opened on a positive note on Wednesday morning, with its benchmark index, the MASI, rising by 0.69% to reach 18,752.54 points.
The MASI 20 Index, which includes the 20 most liquid stocks, saw an increase of 0.84%, climbing to 1,528.13 points. Similarly, the MASI ESG Index, which tracks companies with the best ESG ratings according to Moody’s ESG Solutions, grew by 0.68%, now standing at 1,267.05 points.
The MASI Mid and Small Cap Index, which reflects the performance of small and medium-sized enterprises, also experienced a rise of 0.35%, reaching 1,836.88 points.
On an individual stock level, notable performers included BCP (+4.8% to 293.95 MAD), Bank of Africa (+4.64% to 237 MAD), Cosumar (+4% to 208 MAD), Addoha (+2.66% to 38.6 MAD), and HPS (+2.27% to 540 MAD).
Conversely, the biggest decliners were Sanlam Morocco (-5.5% to 1,942 MAD), CTM (-2.95% to 888 MAD), Ib Maroc.com (-2.75% to 71.05 MAD), Involys (-1.76% to 223 MAD), and Ennakl (-1.74% to 56.01 MAD).
