The Casablanca Stock Exchange closes the week sharply higher

Friday, January 14, 2022 at 6:00 PM

Stock Exchange (Casablanca) – The Casablanca Stock Exchange closed higher on Friday, with the Masi all-time index rising 1.44% to 13,784.31 points (pts).

The Morocco Stock Index (MSI 20), an index comprising the 20 most liquid stocks, rose by 1.47% to 1,124.83 pts.

The thematic index which calculates the performance of the prices of socially responsible companies, Casablanca ESG 10, posted, for its part, an increase of 1.42%, to 1,030.05 pts.

With regard to international indices, the FTSE CSE Morocco 15, made up of the 15 main securities of the Stock Exchange, classified by market capitalization, and the FTSE CSE Morocco All-Liquid, a benchmark index which traces the performance of all the liquid securities of the Stock market, gained respectively 1.1%, to 12,962.22 pts and 1.33%, to 11,602.59 pts.

At the end of this session, 19 sectors of the 23 represented on the Casablanca quotation ended up, against 3 down, while the “Community Services” index, represented by Lydec, showed no variation following the suspension, from this Friday, of the quotation of the capital securities of this company.

The “Engineering & Industrial Capital Goods” index posted the strongest rise of the day (+4.45%), boosted by Delattre Levivier Morocco (+5.98%) and Stroc Industrie (+2, 80%).

The “distributors” sector advanced by 3.67%, the increase in LabelVie (+4.65%), Stokvis Nord Afrique (+3.72%), Ennakl (+1.1%) having offset the decline in Auto Nejma (-1.08%), Auto Hall (-0.88%) and Fenie Brossette (-0.67%).

Similarly, the “Beverages” index gained 3.54%, the “Insurance” index gained 3.38% and the “Electricity” index 1.93%.

On the Banks side (+2.01%), all stocks closed in good shape. Thus, Bank Of Africa soared by 5.07%, CDM gained 3.94%, Attijariwafa Bank +1.51%, BMCI +1.22%, BCP +1.05% and CIH +0.57 %.

On the losing side, the “Transport” sector showed the strongest decline (-3.42%) followed by that of “Forestry and paper” (-1.65%) and “Real estate participation and development ” (-0.32%).

The overall volume of trade stood at more than 332.33 million dirhams (MDH), carried out entirely on the Central market. By values, Attijariwafa Bank drained 68.06 MDH, BCP 46.2 MDH and Itissalat Al-Maghrib 42.03 MDH.

Regarding market capitalization, it exceeded 712.71 billion dirhams (MMDH).

In terms of values, the highest increases were recorded by Wafa Assurance (+5.99% to 4,845 DH) and M2m Group (+5.99% to 726 DH), Delattre Levivier Morocco (+5.98% to 96.4 DH), Bank of Africa (+5.07% to 198 DH) and Label Vie (+4.65% to 5,285 DH).

Conversely, CTM (-3.55% at 701 DH) recorded the largest drop, followed by Smi (-1.97% at 1,495 DH), Med Paper (-1.65% at 25 DH), Maghrebail (-1.23% at 805 DH) and Auto Nejma (-1.08% at 1,920 DH).

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