Morocco Equity Market | 28 Aug 2015: Moroccan equity markets continue in red zone, indices fall ..

Casablanca, Morocco (Capital Markets in Africa):- Casablanca Bourse equity trading remained in the red district at the end of Friday’s trading session. The Moroccan benchmark stock index (measured as MASI Index) slumped by 18.65 point or 0.20 percent to close at 9,307.37 points (with a year-to-date performance to -3.25 percent) with total market capitalization at MAD 474.827 billion and market activities measured as total traded value was recorded at MAD 54.634 million.

Likewise, Moroccan most active share index (MADEX) closed at 7,608.93 points (a deduction of 0.21 percent compared to previous trading session). Also, FTSE CSE Morocco 15 Index went down by 0.06 percent to close at 8,220.11 points (-6.81 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index declined by 0.10 percent to end at 7,806.83 points (to bring the year-to-date performance to -3.15 percent).

In term of sector indices, top gainers were Holdings Companies, Transport and Telecommunication sector indices surged by 3.71 percent, 1.19 percent and 0.40 percent respectively. Conversely, Forestry & Paper sector index (fell by 6.00 percent to close the year-to-date performance at -39.20 percent), Engineering & Equipment Industrial sector index (declined by 2.60 percent to end at -27.04 percent year-to-date return) and Chemicals sector index (crashed by 2.1o percent).

Looking at the market price leaders and laggards, the leaders’ were, RES DAR SAADA soared by 3.95 percent to end at MAD 158.00 and DELTA HOLDING surged by 3.81 percent to settle at MAD 26.99. Likewise, CTM gained 2.35 percent or MAD 10.00 with closing price of MAD 435.00 as well as CIH jumped by 2.25 percent to settle at MAD 314.00. On the contrary, MED PAPER and STROC INDUSTRIES tumbled by 6.00 percent to settle at MAD 16.92 and fell by 5.99 percent to end at MAD 95.84 respectively.  Equally, SONASID Morocco and BMCI plunged by 5.84 percent with closing price of MAD 613.00 and 5.40 percent to settle at MAD 596.00 respectively.