Stock Exchange: The MASI Gains 1.98% from May 4 to 8
Casablanca Stock Exchange Ends Week of May 4-8 on a Positive Note
The Casablanca Stock Exchange wrapped up the week of May 4-8 on a positive note, with its main index, the MASI, rising by 1.98% to close at 18,950.94 points.
The MASI 20, which includes the 20 most liquid stocks, saw an increase of 2.07%, reaching 1,384.03 points. Meanwhile, the MASI ESG, which tracks companies with the best ESG ratings according to Moody’s ESG Solutions, climbed by 1.25% to 1,338.62 points.
Additionally, the MASI Mid and Small Cap index, reflecting the performance of small and medium-sized enterprises, surged by 3.31% to settle at 1,984.55 points.
On the sectoral front, the "Engineering and Industrial Equipment" (+12.48%), "Pharmaceutical Industry" (+10.15%), and "Agricultural Industry" (+6.86%) sectors posted the best performances.
Conversely, the sectors that recorded the largest declines were "Distributors" (-2.47%), "Forestry and Paper" (-1.54%), and "Insurance" (-1.08%).
Trading volume exceeded 1.26 billion dirhams (MAD), primarily concentrated in the central "Equities" market, with notable transactions involving Managem (14.76%), Attijariwafa Bank (9.42%), and Itissalat Al-Maghrib (6.87%).
Market capitalization surpassed 1,082.78 billion dirhams (MAD).
In individual stock performance, SMI led the gains with a rise of 15.23% to 10,198 MAD, followed by Stroc Industrie (+14.87% to 224 MAD), Microdata (+13.17% to 765 MAD), Balima (+11.01% to 229.8 MAD), and Salafin (+8.98% to 484.95 MAD).
On the downside, the most significant losses were incurred by Rebab Company (-9.44% to 95 MAD), Promopharm (-7.6% to 1,300 MAD), Maroc Leasing (-5.21% to 362 MAD), M2M Group (-4.31% to 422 MAD), and Label’Vie (-3.61% to 4,000 MAD).
