The Casablanca Stock Exchange Opens with a Gloomy Outlook
Casablanca Stock Exchange Opens Lower After Independence Day Closure
The Casablanca Stock Exchange, which was closed on Tuesday to mark the 70th anniversary of Independence Day, opened on a downbeat note on Wednesday. Its main index, the MASI, slipped by 0.57% to settle at 18,391.03 points.
The MASI 20, an index that groups the 20 most liquid stocks, fell by 0.65% to 1,497.34 points. Meanwhile, the MASI ESG, which tracks companies with the best ESG ratings as published by Moody’s ESG Solutions, decreased by 0.09% to 1,250.15 points.
The MASI Mid and Small Cap index, which reflects the performance of small and medium-sized enterprises listed on the Casablanca Stock Exchange, declined by 1.67% to 1,779.52 points.
Among individual stocks, BMCI reported the largest drop at -4.54% to 550.5 MAD, followed by Résidences Dar Saada at -3.68% to 170 MAD, Aradei Capital at -2.85% to 440.1 MAD, Fenie Brossette at -2.31% to 420.05 MAD, and Stokvis Nord Afrique at -1.81% to 113.9 MAD.
On the other hand, shares of Mangem increased by 3.29% to 5,998 MAD, Taqa Morocco rose by 1.66% to 2,329 MAD, Label’Vie climbed 1.47% to 4,630 MAD, Minière Touissit gained 0.55% to 1,640 MAD, and Crédit du Maroc edged up by 0.09% to 983 MAD.
On Monday, the MASI had closed with a 0.8% loss.
