Morocco Equity Markets | 14 Oct 2015: Morocco stock traders smile home with US$158 million …

Casablanca, Morocco, Capital Markets in Africa —Casablanca Stock Exchange backed to positive region after just a day in positive zone. The Moroccan benchmark stock index (measured as MASI Index) pulled up by 0.37 percent to end at 9,022.65 points (with a year-to-date performance to -6.21 percent) with total market capitalization at MAD 454.390 billion (an increase of MAD 1.52 billion or US$158 million relative to previous market capitalization of MAD 452.870 billion). The market activity measured as total traded value was recorded at MAD 31.953 million compared to MAD 74.183 million recorded at previous trading session.

In the same positive sentiment, Moroccan most active share index (MADEX) closed at 7,369.97 points (surged by 0.41 percent compared to previous trading session). FTSE CSE Morocco 15 Index soared by 0.57 percent to close at 7,853.35 points (-10.97 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index grew by 0.48 percent to end at 7,582.95 points (to bring the year-to-date performance to -5.93 percent).

In term of sector indices, top gainers were Real Estate, Forestry & Paper and Miniing sector indices added 3.10 percent, 2.40 percent and 1.43 percent respectively. On the other hand, Chemical sector index (dropped 3.21 percent to close the year-to-date performance at -54.51 percent), Transport sector index (sagged by 1.53 percent to end at 21.48 percent year-to-date return) and Holding Companies sector index (2.32 percent lower to end at 3,494.66 levels).

Looking at the market price leaders and laggards, the leaders’ were ALLIANCES added 5.99 percent to close at MAD 32.02 and COLORADO grew by 5.64 percent to end at MAD 74.00. RES DAR SAADA also soared by 4.35 percent or MAD 5.25 with closing price of MAD 126.00 as well as SONASID  jumped by 3.92 percent to end at MAD 530.00. On the laggards side, TIMAR and STROC INDUSTRIE fell by 6.00 percent (to settle at MAD 385.40) and lost 5.99 percent (to trade at MAD 37.49) respectively. SNEP and BMCI also plunged by 4.06 percent (with closing price of MAD 92.10) and dropped 3.95 percent (to settle at MAD 560.00) respectively.

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