The Casablanca Stock Exchange’s main index, the MASI (Moroccan All Shares Index), recorded a remarkable increase of 20.19% in the first quarter of 2025, reaching 17,756.02 points.
This strong performance follows an impressive start to the year, when the index rose 2.13% on the first trading day of 2025.
The MASI, which tracks all listed stocks and is calculated based on free-float market capitalisation with a base value of 1,000 as of December 31, 1991, was accompanied by gains in other key indices.
The MASI.20, representing the 20 most liquid companies, rose 21.21% to 1,446.08 points, while the MASI.ESG, which tracks companies with the highest ESG ratings from Moody’s ESG Solutions, rose 17.64% to 1,217.24 points.
Meanwhile, the MASI Mid and Small Cap Index, measuring the performance of listed small and medium-sized companies, climbed 15.28% to 1,771.13 points.
Trading volume in the first quarter of 2025 reached 33.48 billion dirhams ($3.348 billion), including 21.55 billion dirhams ($2.155 billion) on the central market and 1.71 billion dirhams (171 million
dollars) via block trades.
Market capitalisation stood at 925.25 billion dirhams ($92.525 billion).
Sector-wise, electricity recorded the largest increase, up 72.39%, followed by mining with 59.75%, and telecommunications with 49.37%.
The beverage sector was the only one to record a decline, down 8.35%.
AttijariWafa Bank led the trading activity with a volume of 3.52 billion dirhams (352 million dollars), followed by Itissalat Al Maghrib with 2.8 billion dirhams ($280 million), and Sodep-Marsa Maroc
with 2.11 billion dirhams ($211 million).
Among individual stocks, Stokvis Nord Afrique recorded the strongest increase of 213.38%, reaching MAD 51.30 ($5.13) per share.
Other top performers included Fenie Brossette (+162.09% to MAD 279 ($27.90), Sonasid (+93.11% to MAD 1,900 ($190), Maghreb Oxygene (+84.86% to MAD 453 ($45.30), and SM Monetique (+82.13% to MAD 428 ($42.80).
Societe des Boissons du Maroc suffered the biggest loss, falling 11.02% to MAD 2,100 ($210), followed by Rebab Company (-10% to MAD 90 ($9)), Eqdom (-8.94% to MAD 1,110 ($111)), Cartier Saada (-5.71% to MAD 33 ($3.30)) and Bank of Africa (-4.44% to MAD 195.90 ($19.59).
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