Morocco Market Watch | June 12th 2015: Morocco equity market ended the week on a bullish note, All Share index up 0.43%

Casablanca, Morocco (Capital Markets in Africa):-  Morocco equity market ended the week on a bullish note. Morocco’s benchmark stock index (MASI Index) surged by 0.47 percent to close at 9,647.75 points (with a year-to-date performance to 0.29 percent) with total market capitalization at MAD 489.535 billion and market activities measured as total traded value was recorded at MAD 29.915 million. Equally, Moroccan most active share index (MADEX) closed at 7,889.31 points (added 0.53 percent compared to last previous trading session). In the same way, FTSE CSE Morocco 15 Index climbed by 0.37 percent to close at 8,431.66 points (-4.41 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index rose by 0.53 percent to end at 8,037.92 points (to bring the year-to-date performance to -0.29 percent).

In term of sector indices, top gainers were Forestry & Paper, Holding Companies and Transport sector indices surged by 5.75 percent,2.48 percent and 2.06 percent respectively. On the losers’ side were Electrical & Electronic sector index (lost 9.98 percent to close the year-to-date performance at -14.72 percent), Insurance sector index (declined by 0.39 percent and 3.91 percent year-to-date return) and Engineering & Equipment sector index (went down by 0.24 percent).

Looking at the market gainers and laggards, the gainers’ were, ZELLIDJA S.A Morocco gained 5.99 percent to end at MAD 215.80 and MAGHREB OXYGENE Morocco advanced by 5.90 percent to settle at MAD 119.45. Equally, MED PAPER surged by 5.75 percent with closing price of MAD 17.10 as well as ALUMINIUM MAROC advanced by 5.36 percent to conclude at MAD 1,200. Conversely, MEXANS Morocco, CENTRALE LAITIERE, MICRODATA and ALTANTA plunged by 9.98 percent (to settle at MAD 147.10), 5.90 percent (to end at MAD 1,036.00), 3.58 percent (with closing price of MAD 142.60) and 3.13 percent (to settle at MAD 62.00) respectively.