Morocco Equity Markets | 16 Oct 2015: Casablanca Stock Exchange equity market returns to Red, lose US$100 Million …

Casablanca, Morocco, Capital Markets in Africa —Casablanca Stock Exchange equity markets returned in the red zone at the end of Friday’s trading session. The Moroccan benchmark stock index (measured as MASI Index) faltered by 0.17 percent to end at 9,007.41 points (with a year-to-date performance to -6.37 percent) with total market capitalization at MAD 453.427 billion (a decrease of MAD 963 million or US$100 million relative to previous market capitalization of MAD 454.390 billion). The market activity measured as total traded value was recorded at MAD 255.514 million compared to MAD 31.953 million recorded at previous trading session.

In the same negative sentiment, Moroccan most active share index (MADEX) closed at 7,356.22 points (waned by 0.19 percent compared to previous trading session). FTSE CSE Morocco 15 Index soared by 0.24 percent to close at 7,871.85 points (-10.76 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index sagged by 0.01 percent to end at 7,582.20 points (to bring the year-to-date performance to -5.94 percent).

In term of sector indices, top gainers were Electricity, Engineering & Equipment and Banks sector indices gained 0.90 percent, 0.28 percent and 0.26 percent respectively. On the other hand, Forestry & Paper sector index (dipped by 5.99 percent to close the year-to-date performance at -48.08 percent), Chemicals sector index (plummeted by 1.66 percent to end at -55.26 percent year-to-date return) and Mining sector index (fell by 1.46 percent to end at 18,139.41 levels).

Looking at the market price leaders and laggards, the leaders’ were FENIE BROSSETTE grew by 3.18 percent to close at MAD 113.50 and RES DAR SAADA added 31.7 percent to end at MAD 130.00. REALIS MECANIQUES also surged by 2.94 percent or MAD 5.00 with closing price of MAD 175.00 as well as STROC INDUSTRIE advanced by 1.79 percent to end at MAD 38.16.00. On the laggards side, MED PAPER and INVOLYS sagged by 5.99 percent (to settle at MAD 14.45) and plunged by 5.98 percent (to trade at MAD 114.05) respectively. SONASID and CIMENTS MAROC also decreased by 5.45 percent (with closing price of MAD 501.10) and dipped by 4.68 percent (to settle at MAD 1,121.00) respectively.