The Casablanca Stock Exchange Opens with Gains
Casablanca Stock Exchange Opens Higher
The Casablanca Stock Exchange commenced trading on Thursday with positive momentum, as its benchmark index, the MASI, rose by 0.44% to reach 18,451.98 points.
In early trading, the MASI 20, which aggregates the 20 most liquid stocks, gained 0.37%, climbing to 1,501.94 points. Meanwhile, the MASI ESG index, which highlights companies with the best environmental, social, and governance ratings as published by Moody’s ESG Solutions, increased by 0.67% to 1,254.75 points.
The MASI Mid and Small Cap index, reflecting the performance of small and medium capitalizations, appreciated slightly by 0.05% to settle at 1,794.82 points.
Among individual stocks, Managem led the way with a notable increase of 3.21%, reaching 6,069 MAD, followed by Alliances, which rose by 2.91% to 579.9 MAD. Disty Technologies climbed 2.83% to 359.9 MAD, Sonasid was up 2.18% at 2,340 MAD, and HPS gained 1.9% to 535 MAD.
Conversely, some stocks encountered significant declines, with Med Paper down by 4.47% to 27.6 MAD, Cartier Saada falling 3.89% to 34.11 MAD, and Sanlam Maroc dropping 3.7% to 1,902 MAD. Ennakl saw a decrease of 3.3% to 52.7 MAD, while Auto Hall slipped 2.01% to 92.1 MAD.
On Wednesday, the MASI had wrapped up trading with a modest gain of 0.12%.
