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Mohammedia – The Bourse de Casablanca ended December 2025 on a positive note, with its benchmark MASI index closing up 1.30% at 18,846.35 points, reflecting an overall improvement in market sentiment during the final month of the year.
Performance across indices was mixed. The MASI 20, which tracks the 20 most liquid stocks, declined by 2.06% to 1,485.65 points, while the MASI ESG index, grouping companies with the strongest environmental, social and governance ratings, slipped 0.56% to 1,251.53 points.
In contrast, the MASI Mid and Small Cap index recorded a solid gain of 2.43%, ending the month at 1,841.48 points, supported by strong movements in several mid-sized listings.
Sector trends showed sharp divergences. The steepest declines were seen in Healthcare, down 12.85%, Engineering and Industrial Equipment, which fell 11.03%, and Real Estate, lower by 7.52%.
On the upside, Financial Services and Other Financials led the market with a surge of 23.71%, followed by Building Materials and Construction, up 10.70%, and Portfolio and Holding Companies, which rose 7.61%.
Trading activity reached MAD 29.86 billion ($3.28 billion) over the month. The central market accounted for MAD 16.09 billion ($1.76 billion), while block trades totaled MAD 7.45 billion ($817.23 million).
Transactions were dominated by SGTM, representing 29.22% of total volume, ahead of SODEP Marsa Maroc with 7.70% and Attijariwafa Bank with 7.46%.
Market capitalization stood at more than MAD 1,040.70 billion ($114.16 billion) by the end of December.
Among individual stocks, the strongest gains were posted by SGTM, which jumped 117.86% to MAD 915 ($100.37), SMI, up 49.47% to MAD 4,100 ($449.75), Cash Plus, rising 53.50% to MAD 307 ($33.68), Lesieur Cristal, up 24.14% to MAD 360 ($39.49), and BMCI, which advanced 21.15% to MAD 630 ($69.11).
The sharpest declines were recorded by Involys, down 22.52% to MAD 182 ($19.96), Stokvis Nord Afrique, off 18.26% to MAD 94 ($10.31), Salafin, lower by 14.24% to MAD 530 ($58.14), Vicenne, down 13.98% to MAD 449.90 ($49.35), and Akdital, which fell 12.59% to MAD 1,180 ($129.44).
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