The Casablanca Stock Exchange Opens on a Gloomy Note
Casablanca Stock Exchange Opens in the Red After National Holiday
The Casablanca Stock Exchange, closed on Tuesday in observance of the 70th anniversary of Independence Day, opened on a somber note on Wednesday. Its main index, the MASI, fell by 0.57%, reaching 18,391.03 points.
The MASI 20, which tracks the 20 most liquid stocks, declined by 0.65% to 1,497.34 points. Meanwhile, the MASI ESG—with a focus on companies with the best ESG ratings published by Moody’s ESG Solutions—decreased by 0.09% to 1,250.15 points.
The MASI Mid and Small Cap index, which measures the performance of small and medium-sized companies listed on the Casablanca Stock Exchange, dropped by 1.67% to 1,779.52 points.
Among individual stocks, BMCI suffered the most, falling 4.54% to 550.5 DH, followed by Résidences Dar Saada, down 3.68% to 170 DH, and Aradei Capital, which declined by 2.85% to 440.1 DH. Fenie Brossette and Stokvis Nord Afrique also saw negative performance, losing 2.31% (420.05 DH) and 1.81% (113.9 DH) respectively.
Conversely, Mangem posted the highest gains, rising 3.29% to 5,998 DH, followed by Taqa Morocco, which increased by 1.66% to 2,329 DH. Label’Vie rose by 1.47% to 4,630 DH, Minière Touissit climbed 0.55% to 1,640 DH, and Crédit du Maroc edged up 0.09% to 983 DH.
On Monday, the MASI had closed with a loss of 0.8%.
