Economy

The Casablanca Stock Exchange Starts on a Downbeat Note

Casablanca Stock Exchange Starts the Week on a Low Note

The Casablanca Stock Exchange began the week on a somber note, with its flagship index, the MASI, declining by 0.51% to 19,169.7 points.

The MASI 20, which comprises the 20 most liquid stocks, also saw a drop of 0.52%, closing at 1,564.1 points. Meanwhile, the MASI ESG, which tracks companies with the best ESG ratings published by Moody’s ESG Solutions, fell by 0.12% to 1,298.7 points.

The MASI Mid and Small Cap, which measures the performance of small and medium-sized enterprises listed on the Casablanca Stock Exchange, decreased by 0.58% to 1,856.93 points.

Among individual stocks, IB Maroc.com recorded the largest drop, falling by 8.44% to 73.25 MAD, followed by Eqdom (-4.92% to 1,217 MAD), Réalisations Mécaniques (-4.28% to 507.3 MAD), Sanlam Maroc (-3.85% to 1,923 MAD), and Disway (-3.83% to 880 MAD).

On the other side, Involys saw the most significant gains, rising by 3.7% to 243.9 MAD, followed by Résidences Dar Saada (+2.87% to 179 MAD), Ennakl (+2.52% to 61 MAD), SMI (+1.52% to 2,600 MAD), and Lesieur Cristal (+1.46% to 299.3 MAD).

Last Friday, the MASI closed with a loss of 0.71%.

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