Casablanca – The Casablanca Stock Exchange closed the week of March 2 to 6 in negative territory, with its main index posting a notable decline as several sectors recorded significant losses.
The MASI, the benchmark index of the Casablanca market, fell by 5.75% over the week to settle at 17,097.54 points. Other key indices also ended the period lower. The MASI 20, which tracks the performance of the 20 most liquid companies listed on the exchange, dropped 5.85% to 1,298.99 points.
Meanwhile, the MASI ESG, which groups companies with the highest environmental, social, and governance ratings according to Moody’s ESG Solutions, declined 4.97% to close at 1,170.04 points.
Smaller companies were also affected. The MASI Mid and Small Cap index, reflecting the performance of small and mid-cap stocks, recorded the steepest fall among the main indices, sliding 6.44% to 1,750.03 points.
Sector performance showed widespread declines throughout the week. The “portfolio companies and holdings” sector posted the sharpest drop, falling 12.2%. The “oil and gas” sector followed with a decrease of 9.93%, while “leisure and hotels” lost 9.82%.
Only two sectors managed to close the week with gains, with “chemicals” rising 0.93% and “beverages” edging up 0.04%.
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Trading activity reached more than MAD 4.31 billion during the week. Most transactions took place on the central equity market and were largely driven by trades involving Attijariwafa Bank, which accounted for 14.42% of the total volume. TGCC represented 11.19% of exchanges, while SGTM made up 10.79%.
The total market capitalization of companies listed on the Casablanca Stock Exchange exceeded MAD 958.84 billion by the end of the week.
Among individual stocks, the largest declines were recorded by Jet Contractors, which dropped 15.77% to MAD 2,190, followed by Alliances, down 14.31% to MAD 419. Résidences Dar Saada fell 13.1% to MAD 138, Afriquia Gaz declined 12.76% to MAD 3,664, and Delta Holding decreased 12.31% to MAD 57.
On the gaining side, BMCI posted the strongest rise of the week, climbing 6% to MAD 636. Douja Prom Addoha advanced 5.3% to MAD 30, Involys gained 4.17% to MAD 175, Maghreb Oxygène increased 3.82% to MAD 404.9, and Zellidja rose 2.17% to MAD 225.75.