Casablanca Stock Exchange’s MASI Climbs Over 20% in Q1 2025

Doha – The Casablanca Stock Exchange’s main index MASI (Moroccan All Shares Index) recorded a remarkable increase of 20.19% in the first quarter of 2025, reaching 17,756.02 points.

This strong performance follows an impressive start to the year when the index rose 2.13% on the first trading day of 2025.

The MASI, which tracks all listed shares and is calculated based on free-float capitalization with a base value of 1,000 as of December 31, 1991, was accompanied by gains in other key indices.

The MASI.20, representing the 20 most liquid companies, increased by 21.21% to 1,446.08 points, while the MASI.ESG, tracking companies with top ESG ratings from Moody’s ESG Solutions, grew by 17.64% to 1,217.24 points.

Additionally, the MASI Mid and Small Cap index, measuring the performance of small and medium-sized listed companies, climbed 15.28% to 1,771.13 points.

Trading volume for Q1 2025 reached MAD 33.48 billion ($3.348 billion), with MAD 21.55 billion ($2.155 billion) conducted on the central market and MAD 1.71 billion ($171 million) through block trades. The market capitalization stood at MAD 925.25 billion ($92.525 billion).

Sector-wise, electricity led the gains with a 72.39% increase, followed by mining at 59.75% and telecommunications at 49.37%. The beverages sector was the only decliner, falling 8.35%.

AttijariWafa Bank dominated trading activity with a volume of MAD 3.52 billion ($352 million), followed by Itissalat Al Maghrib at MAD 2.8 billion ($280 million) and Sodep-Marsa Maroc at MAD 2.11 billion ($211 million).

Among individual stocks, Stokvis Nord Afrique posted the highest gain of 213.38%, reaching MAD 51.30 ($5.13) per share.

Other top performers included Fénie Brossette (+162.09% to MAD 279 ($27.90)), Sonasid (+93.11% to MAD 1,900 ($190)), Maghreb Oxygène (+84.86% to MAD 453 ($45.30)), and S.M Monétique (+82.13% to MAD 428 ($42.80)).

Société des Boissons du Maroc suffered the steepest loss, dropping 11.02% to MAD 2,100 ($210), followed by Rebab Company (-10% to MAD 90 ($9)), Eqdom (-8.94% to MAD 1,110 ($111)), Cartier Saada (-5.71% to MAD 33 ($3.30)), and Bank Of Africa (-4.44% to MAD 195.90 ($19.59)).