The Casablanca Stock Exchange closed the week from February 21 to 25 in sharp decline, with its main index, Masi, dropping by 3.95% to 13,175.30 points.
The Morocco Stock Index 20 (MSI20) dropped by 4.54% to 1,061.94 points, and the Casablanca ESG 10, the Environment, Social and Governance (ESG) benchmark index, fell by 3.88% to 983.61 points.
On Thursday, the Casablanca Stock Exchange ended the session in a very sharp decline in the wake of world financial markets against the backdrop of the conflict between Russia and Ukraine, with Masi dropping by 4.11% at the closing, recording its worst session since March 2020.
During this week, 20 sectors out of 23 ended in the red, while only 2 finished on the rise, and the utilities index showed no change following the suspension of trade of the equity securities of its sole representative Lydec.
The Engineering and Industrial Capital Goods index showed the largest decline over the period (-10.72%), followed by the Distributors sector (-7.60%) and the Hardware, Software, and IT Services sector (-7.46%).
The building and construction materials sector lost 6.37%, and leisure and hotels fell by 6.14%.
On the upside, the Beverages index ended with a gain of 0.90%, ahead of Real Estate Investment Companies (+0.03%).
During this period, Delattre Levivier Maroc showed the highest drop (-14.52%), ahead of Stokvis Nord Afrique (-9.90%), HPS (-9.49%), Auto Hall (-9.09%), and Cartier Saada ( -9%).
On the other hand, Alliances, Oulmès, Zellidja SA, Unimer, and Agma recorded the highest increases with respectively +13.43%, +11.40%, +4.71%, +3.55%, and +3.15%.
The transaction volume reached over MAD308.89 million, with Attijariwafa Bank being the most active in terms of gains during this week, capturing 23.91% of transactions, followed by Maroc Telecom with MAD122.01 million (9.44%), and Alliances with MAD117.25 million (9.08%).
The overall volume of trade for the period exceeded MAD1.31 billion, including over MAD1.29 billion on the central market, and the market capitalization reached over MAD686 billion.
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