The Bourse de Casablanca closed Friday’s trading session in negative territory, with its benchmark MASI declining by 1.25% to 18,140.55 points.
Industrial Sector Weighs on Market Performance
Selling pressure was particularly strong in the Engineering and Industrial Equipment sector, which recorded the sharpest sectoral decline of the day, falling 6.75%. The downturn significantly contributed to the overall market correction.
Among individual stocks, Stokvis Nord Afrique posted the steepest loss, dropping 8.72% to 78.5 dirhams. It was followed by Stroc Industrie, which fell 7.94% to 196 dirhams, and Salafin, down 5.99% to 544.3 dirhams.
Mining Sector Rallies Against Market Trend
In contrast, the Mining sector delivered a strong performance, rising 7.23% and partially offsetting broader market losses.
SMI surged 9.98% to 6,984 dirhams, marking one of the day’s strongest gains. Meanwhile, Managem advanced 7.32% to 8,500 dirhams, and Minière Touissit climbed 5.26% to 3,579 dirhams.
Trading Volume Remains Strong
Total trading volume exceeded 762.22 million dirhams, reflecting sustained investor activity despite the overall bearish sentiment.
Market Summary
Friday’s session highlighted a contrasting performance on the Casablanca Stock Exchange, where industrial stocks dragged the benchmark index lower, while mining shares stood out as bright spots in an otherwise volatile market.
