Morocco Equity Markets | 30 Oct 2015: MASI Index closes higher, traders pocket US$193 Million …

Casablanca, Morocco, Capital Markets in Africa —On Friday, the equity trading ended in positive both the market indices and market capitalization closed higher. The Moroccan benchmark stock index (measured as MASI Index) surged by 0.54 percent to close at 9,081.80 points (with a year-to-date performance to -5.60 percent) with total market capitalization at MAD 457.646 billion (gains f MAD 1.86 billion or US$193 million relatives to previous market capitalization of MAD 455.782). The market activity measured as total traded value was recorded at MAD 62.987 million.

 The Moroccan most active share index (MADEX) ended at 7,399.12 points (rose by 0.41 percent compared to the previous trading session). FTSE CSE Morocco 15 Index fell by 0.25 percent to close at 7,739.78 points (-12.25 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index soared by 0.05 percent to end at 7,565.40 points (to bring the year-to-date performance to -6.15 percent).

In term of sector indices, top gainers were Forestry & Paper, Beverages and Oil & Gas sector indices grew by 5.49 percent, 5.07 percent, and 4.05 percent respectively. On the laggards’ side, Electricity sector index (sagged by 0.88 percent to close the year-to-date performance at 37.60 percent), Holding Companies sector index (lost 0.53 percent to end at-19.65 percent year-to-date return) and Mining sector index (fell by 0.44 percent to end at 18,480.79 levels).

Looking at the market price leaders and laggards, the gainers’ were ALLIANCES advanced by 8.21 percent to end at MAD 35.59 and AFRIQUIA GAZ grew by 6.00 percent to settle at MAD 2,226.00. WAFA Assurance also gained 5.99 percent or MAD 213.00 with a closing price of MAD3,768 as well as CIH climbed by 5.99 percent to end at MAD 293.00.

Conversely, CENTRALE DANONE and CARTIER SAADA plunged by 6.00 percent (to settle at MAD 1,081.00) and slipped by 3.14 percent (to trade at MAD 18.50) respectively. S.M MONETIQUE and MANAGEM also declined by 3.05 percent (with a closing price of MAD 190.50) and dropped by 1.96 percent (to settle at MAD 951.00) respectively.