HomeEconomyA week in the red for the Casablanca Stock Exchange

A week in the red for the Casablanca Stock Exchange

The Casablanca Stock Exchange ended the week from 08 to 12 November 2021 down, its main index, the Masi, yielding 0.88% to 13,295.73 points.

The Morocco Stock Index 20 (MSI20), which reflects the price performance of the 20 most liquid companies listed in Casablanca, for its part, dropped 0.65% to 1,082.25 points, while the Madex, compact index composed of stocks quoted on a continuous basis, lost 0.69% to 10,773.15 points.

Regarding the Environment, Social and Governance (ESG) “Casablanca ESG 10” benchmark, it fell 0.57% to 997.98 points. In terms of sectors, 16 of the 24 listed sectors ended the week on a negative note, 6 closed higher while two others remained stable. The index of “Engineering and industrial capital goods fell by 20%, a steeper decline, followed by those of” Forestry & Paper “(-4.83%) and” Oil and Gas “(-4, 46%). On the upside, the “Finance and other financial activities” sector achieved the best performance with a gain of 1.91%, ahead of “Utilities” 1.56%.

In the process, the overall volume of trade exceeded 432.35 million dirhams (MDH). Market capitalization stood at over 685.186 billion dirhams (MMDH). At individual values, Stroc Industrie, IB Maroc.com and Cartier Saada showed the heaviest declines with respectively -26.58%, -13.58% and -12.61%, while Balima (+ 13.43%) , Salafin (+ 5.49%) and Alliances (+ 5.10%) posted the strong increases of the week. With a transaction volume of more than 75.39 MDH, Itissalat Al-Maghrib was the most active instrument of the week grabbing 20.21% of transactions, followed by BCP with 46.83 MDH (12.56 %) and Attijariwafa Bank with 27.64 MDH (7.41%).




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