Casablanca Stock Exchange Opens Higher, MASI Gains 0.8%
The Casablanca Stock Exchange began the session on Monday, November 9, with a positive trend. Its benchmark index, the MASI, recorded an increase of 0.8%, reaching 17,457.06 points, following the market closure on Friday in celebration of the 51st anniversary of the Green March.
Other indices also showed upward movements. The MASI 20, which encompasses the 20 most liquid stocks on the Casablanca exchange, gained 1.09% to reach 1,277.83 points. Meanwhile, the MASI ESG rose by 0.61% to 1,332.62 points, and the MASI Mid and Small Cap, dedicated to small and medium enterprises, appreciated by 1.02% to 1,640.29 points.
In terms of individual stock performance, M2M Group achieved the highest increase, rising by 8% to 389 dirhams. Sothema followed with a 6.25% increase to 340 dirhams, accompanied by Stokvis Nord Afrique (+4.49% to 50.99 dirhams), Alliances (+3.72% to 385 dirhams), and Cosumar (+3.65% to 181.6 dirhams).
On the downside, Wafa Assurance reported the steepest decline, losing 4.59% to 5,152 dirhams. Maghreb Oxygène fell by 3.09% to 370.1 dirhams, followed by Disway (-2.67% to 730 dirhams), Cash Plus (-2.6% to 213.3 dirhams), and Cartier Saada (-1.94% to 19.2 dirhams).
In the last session prior to this rebound on Thursday, the MASI had closed with an increase of 3.33%.
