Beautiful week for the Casablanca Stock Exchange

Beautiful week for the Casablanca Stock Exchange
Beautiful week for the Casablanca Stock Exchange

The Casablanca Stock Exchange ended the week of April 29 to May 3 on a positive note, its main index, the MASI, gaining 0.36% to 13,403.47 points (pts).

The MASI.20, an index bringing together the 20 most liquid stocks, increased by 0.12% to 1,081.99 pts and the MASI.ESG, an index of companies with the best ESG rating, as published by Moody’s ESG Solutions, increased by 1.01% to 977.39 pts.

Regarding the MASI Mid and Small Cap, the thematic index which calculates the price performance of small and medium-sized companies listed on the Casablanca Stock Exchange, it lost 0.32% to 1,220.7 pts.

Sectorally, the electricity index recorded the largest increase (+6.23%), ahead of mining (+3.61%) and insurance (+2.52%).

On the other hand, the real estate participation and development index showed the sharpest decline (-6.34%), followed by portfolio holding companies (-6.08%) and forestry and paper (-3 .89%).

Exchanges amounted to 727.58 million dirhams (MDH), carried out mainly on the Central market and dominated by transactions on Résidences Dar Saada (88.17 MDH), Douja Prom Addoha (81.69 MDH) and Attijariwafa Bank ( 80.45 MDH).

The market capitalization, for its part, exceeded 699.18 billion dirhams (billion dirhams).

On the value front, the best performances of the week were the work of Jet Contractors (+8.94% to 609 DH), Atlantasanad (+7.82% to 151 DH), Promopharm SA (+6.79 % to 985.7 DH), Managem (+5.36% to 2,397 DH) and Taqa Morocco (+6.23% to 1,381 DH).

On the other hand, the biggest drops were recorded by Zellidja (-10% to 70.2 DH), Douja Prom Addoha (-7.58% to 30.5 DH), Résidences Dar Saada (-6.37% at 72.49 DH), Delta Holding (-6.06% to 45.75 DH) and Eqdom (-5.38% to 1,161 DH).

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