Rabat - Morocco’s stocks are keeping up their bullish trend. Since the start of this week, the Moroccan All Shares Index saw a significant increase as the purchase current dominates trade on the Casablanca Stock Exchange.
Rabat – Morocco’s stocks are keeping up their bullish trend. Since the start of this week, the Moroccan All Shares Index saw a significant increase as the purchase current dominates trade on the Casablanca Stock Exchange.
This Friday, the MASI Index closed its daily trade with a 0.29 percent gain at 12.000 points due to increases in the Hotels, Restaurants and Leisure, Chemicals, and Invest Companies sectors.
The best performers of Friday session were SMI with a 4.97 percent increase, trading at MAD 3149 at close of trade. In second place comes SLF with a 4.76 percent gain closing at MAD 880 per dividend, followed closely by BMCI up by 4.75 percent at MAD 660 in late trade.
Afriquia Gaz took a hard hit in yesterday’s session, falling by 4.48 percent and trading at MAD 2665 at close of trade. Unimer’s stocks also declined by 3.49 percent ending at MAD 166 per dividend while Med Paper was down 3.08 percent to MAD 29.85.
Trade volumes reached MAD 202 million on the central market in Friday’s session, while trade on the blocks market fell to MAD 25 million.
The real estate giant Addoha closed trade with the biggest share of the exchanged volumes, exceeding the MAD 51 million with a 0.29 percent gain at MAD 47.90. BCP channeled a value of MAD 33 million with a 0.85 percent increase at MAD 297.50.
For its part, Lesieur Cristal’s trade volume reached MAD 27 million with a 3.54 percent growth at MAD 151.90 per dividend.
In total, rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 29 to 13, with five unchanged.
For currency trade, the EUR/MAD was up 0.15 percent to MAD 10.9290, while USD/MAD fell 0.23 percent to MAD 9.7631.
The US Dollar Index Futures was down 0.31 percent at MAD 96.96.