Rabat - Moroccan stocks started Monday off on solid footing, with the Moroccan All Shares Index kicking off the second semester of 2017 with a 0.34 percent gain at 12.056 points.
Rabat – Moroccan stocks started Monday off on solid footing, with the Moroccan All Shares Index kicking off the second semester of 2017 with a 0.34 percent gain at 12.056 points.
The MASI’s shares were pulled up by significant gains in the Forestry & Paper, Transport and Food Producers & Processors sectors.
Monday’s rockstar was the Moroccan paper manufacturer Med Paper with a 2.59 percent gain, hitting a new record in terms of trade volume. The company dominated exchanged volumes with MAD 36 million, or 48 percent of the capital of Med Paper.
Timar was one of the top performers of today’s session with a 5.43 percent increase at 12.000 points, trading at MAD 233 per dividend. Saham assurance comes in second place with a 2.59 percent increase at MAD 1339.
Cosumar and the banking giant Attijariwafa Bank also registered significant gains at 2.37 and 0.78 percent respectively. The two companies pulled the MASI in the black with MAD 16 million in trade volume for each.
The worst performers of the session were Colorado, which lost 3.88 percent to trade at MAD 62 per dividend at the close, followed by BMCE, which registered a significant loss of 2.29 percent at MAD 213. In third place comes Stroc Industrie with a 0.99 percent decrease, trading at the close with MAD 45.
In total, rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 29 to 6 and 7 ended unchanged.
EUR/MAD was down 0.22 percent to 10.9950, while USD/MAD rose 0.32 percent to 9.6803.
The US Dollar Index Futures was up 0.60 percent at 95.96
