Morocco Equity Markets | 3 Sep 2015: Casablanca Bourse stock indices end higher, investors pocket US$270 million

Casablanca, Morocco, Capital Markets in Africa — Equity trading on the Casablanca Bourse sustained positive momentum started yesterday, the Moroccan benchmark stock index (measured as MASI Index) surged by 67.41 point or 0.73 percent to close at 9,301.86 points (with a year-to-date performance to -3.31 percent). The equity market capitalization closed at MAD 473.920 billion (a gain of MAD 2.6 billion or US$ 270 million) from MAD 471.285 market capitalization recorded at previous trading session. The market activities measured as total traded value was recorded at MAD 35.940 million.

Moroccan most active share index (MADEX) closed at 7,608.60 points (by adding 0.77 percent compared to previous trading session). FTSE CSE Morocco 15 Index surged by 0.62 percent to close at 8,229.45 points (-6.70 percent year-to-date performance) and FTSE CSE Morocco All-Liquid Index soared by 0.95 percent to end at 7,833.48 points (to bring the year-to-date performance to -2.82 percent).

In term of sector indices, top gainers were Engineering & Equipment Industrial Goods, Bank and Utilities sector indices advanced by 2.02 percent, 1.24 percent and 0.47 percent respectively. Conversely, Forestry & Paper sector index (plummeted by 5.63 percent to close the year-to-date performance at -43.41 percent), Mining sector index (declined by 2.72 percent to end at -16.53 percent year-to-date return) and Transport sector index (drooped 2.62 percent to end at 1,830.45).  

From the market price movers and shakers, the gainers were, STROC INDUSTRIES added 4.19 percent to end at MAD 96.90 and ATTIJARIWAFA BANK advanced by 3.14 percent to settle at MAD 343.50. Likewise, SONASID jumped 1.62 percent or MAD 10.50 with closing price of MAD 660.00 as well as BMCE Bank rose by 1.25 percent to settle at MAD 217.95. On the contrary, MANAGEM and MED PAPER slumped by6.00 percent to settle at MAD 780.20 and bled off 5.63 percent to end at MAD 15.75 respectively.  CTM and STOKVIS NORD AFRIQUE slid by 3.30 percent with closing price of MAD 440.00 and fell by 1.80 percent to settle at MAD 24.50 respectively.