Casablanca Stock Exchange: MASI Index Rises 0.2%, Top Performing Stocks and Sectors Revealed

2023-07-31 19:30:51

The Casablanca Stock Exchange closed higher on Monday, its main index, the MASI, rising 0.2% to 12,083.34 points (pts).

The MASI.20, an index comprising the 20 most liquid stocks, rose by 0.35% to 982.5 pts and the MASI.ESG, an index of companies with the best ESG ratings, as published by Moody’s ESG Solutions, advanced 0.22% to 910.06 pts.

Regarding the MASI Mid and Small Cap, thematic index which calculates the performance of the prices of small and medium-sized companies listed on the Casablanca Stock Exchange, it rose 1.08% to 955.37 pts.

On the international side, the FTSE CSE Morocco 15, made up of the 15 main securities of the Casablanca Stock Exchange, classified by market capitalization, as well as the FTSE CSE Morocco All-Liquid, a benchmark index which traces the performance of all the liquid securities of the Stock market, rose respectively by 0.12% to 11,178.37 pts and 0.18% to 10,149.68 pts.

At the sector level, the leisure and hotel index showed the strongest increase (+4.59%), followed by the index of real estate investment companies (+3.56%), and the chemical index (+2.7%).

The oil and gas index showed the biggest drop (-3.16%), followed by the pharmaceutical index (-2.25%), and the hardware, software and IT services index (-1 ,17%).

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The overall volume of trade was 127.85 million dirhams (MDH), carried out mainly on the Central Market (Shares), and dominated by transactions on Itissalat Al-Maghrib (23.66 MDH), Akdital (17.98 MDH) and Attijariwafa Bank (15.33 MDH).

Market capitalization exceeded 625.17 billion dirhams (MMDH).

Individually, Jet Contractors (+5.98% to 238.45 dirhams (DH)), Afric Industries Sa (+4.93% to 362 DH), Risma (+4.59% to 193.5 DH) , Maghreb Oxygène (+3.98% to 229.8 DH) and Aradei Capital (+3.16% to 457 DH) posted the highest increases.

Conversely, the biggest drops were made by Afriquia Gaz (-4.44% to 4,501 DH), Rebab Company (-3.93% to 88.1 DH), Sothema (-2.5% to 1,170 DH), Involys (-2% at 95 DH) and M2m Group (-1.99% at 690 DH).

With MAP

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