Morocco Equity Markets | 28 Sep 2015: Morocco Equity Market Resumes in Red After Eid-al-Adha Holiday

Casablanca, Morocco, Capital Markets in Africa — Casablanca Bourse opened today after two day closed for Eid-al-Adha festive celebration. The Moroccan benchmark stock index (measured as MASI Index) sagged by 0.69 percent to close at 9,155.76 points (with a year-to-date performance to -4.83 percent) with total market capitalization at MAD 467.926 billion (a decrease of MAD 2.7 billion or US$279 million relative to previous market capitalization of MAD 470.636). The market activity measured as total traded value was recorded at MAD 60.935 million compared to MAD 46.780 million recorded at previous trading session.

Likewise, Moroccan most active share index (MADEX) closed at 7,489.16 points (sagged by 0.84 percent compared to previous trading session). FTSE CSE Morocco 15 Index declined by 0.25 percent to close at 8,075.22 points (-8.45 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index slashed by 0.94 percent to end at 7,691.85 points (to bring the year-to-date performance to -4.58 percent).

In term of sector indices, top gainers were Distributors, Oil & Gas and Holding Companies sector indices advanced by 2.40 percent, 2.38 percent and 1.14 percent respectively. On the negative side, Engineering & Equipment Industrial Goods sector index (went down by 3.09 percent to close the year-to-date performance at -33.04 percent), Food Producers & Processors sector index (lost 1.76 percent to end at 0.19 percent year-to-date return) and Electricity sector index (crashed by 1.48 percent to end at 1,221.23 levels).

Looking at the market price leaders and laggards, the leaders’ were, MAGHREBAIL rose by 5.92 percent to end at MAD 698.00 and BMCI gained 5.36 percent to settle at MAD 590.00. CDM also gained 5.26 percent or MAD 23.00 with closing price of MAD 460.00 as well as AUTO HALL jumped by 5.00 percent to end at MAD 105.00. However, STROC INDUSTRIE and MINIERE TOUISSIT slumped by 10.00 percent (to settle at MAD 83.70) and lost 3.48 percent (to trade at MAD 1,081.00) respectively. SONASID and ATTIJARIWAFA BANK also sagged by 3.17 percent (with closing price of MAD 581.00) and crashed by 2.87 percent (to settle at MAD 335.10) respectively.