Casablanca Stock Exchange Kicks Week off as MASI Gains 1.56%

Mohammedia – The Casablanca Stock Exchange opened today on a positive note, with the main index, MASI, going up 1.56% to 18,745.31 points. 

The market was driven to a solid start thanks to gains in numerous important sectors and a series of standout performances from top-listed businesses.

The MASI 20, which tracks the 20 most traded equities, went up 1.84% to 1,522.03 points. The MASI ESG, which tracks firms with the best environmental, social, and governance ratings according to Moody’s ESG Solutions, rose by 1.73% to 1,276.49 points. 

The MASI Mid and Small Cap index, which tracks smaller and mid-sized companies, also increased by 1.68% to 1,868.04 points, showing a broad participation in the upward trend.

Among individual stocks, Vicenne had the best performance of the day, rising 6.61% to MAD 468. AtlantaSanad came in second, rising by 6.56% to MAD 151.95. Delta Holding increased by 5.34% to MAD 76, Bank of Africa climbed 4.31% to MAD 235, and Résidences Dar Saada rose 4.10% to MAD 175.

Only two companies moved against the prevailing market trend. Afriquia Gaz dropped 4.76% to MAD 3,905, and RISMA lost 2.14%, settling at MAD 411.

The strong session comes after the MASI’s small advance of 0.11% on Friday, which suggests that investors are feeling better as the new week begins. 

The rise in all indices and sectors shows that investors are once again confident in Moroccan stocks and that there is steady demand for both large and mid-cap firms.