The Casablanca Stock Exchange Closes Lower
The Casablanca Stock Exchange closed the session on Friday, **January 23, 2026**, in negative territory, with a broad decline across its main indices amid increased caution from investors.
The MASI Decreases
The flagship index, **MASI**, recorded a drop of **0.79%**, settling at **18,643.56 points**, erasing a portion of the gains made in previous sessions.
Other Indices Also Experience Declines
The **MASI.20**, which reflects the performance of the 20 most liquid stocks in the market, fell by **0.99%**, reaching **1,448.25 points**. Meanwhile, the **MASI.ESG** index, which groups together companies with the highest ratings in environmental, social, and governance practices, decreased by **0.94%** to **1,258.66 points**.
The **MASI Mid and Small Cap**, an indicator of the performance of small and medium-sized enterprises, also closed down by **0.73%**, at **1,861.63 points**.
International Indices on the Decline
On an international level, the **FTSE CSE Morocco 15** and **FTSE CSE Morocco All-Liquid** indices closed down **0.95%** at **17,294.3 points** and **0.89%** at **15,866.8 points**, respectively.
A Climate of Caution
This trend reflects a **climate of caution in the Moroccan financial market**, with investors remaining vigilant to economic and financial developments both nationally and internationally.
