Casablanca Stock Exchange: MASI Drops 2.45% After Approaching 19,100 Points

On December 26, 2025, the Casablanca Stock Exchange experienced a shift in momentum as the MASI index fell by 2.45%, closing at 18,476.19 points. This decline follows a brief surge the previous day when the index approached 19,000 points, driven by enthusiasm in the construction sector and newly listed stocks. During the session, the MASI index reached an intraday high of 19,144 points before slipping into negative territory in the latter half of the day. The weekly performance reflects a 2.44% decrease, ending a two-week streak of gains. The correction occurred amidst notably high trading volumes, with total transactions amounting to 4.4 billion dirhams, including 3.35 billion on the central market and 1.05 billion on the block market. For the week, cumulative trading volumes reached 6.28 billion dirhams, indicating typical end-of-year portfolio rebalancing and arbitrage activities. SGTM, which had seen significant buying pressure since its IPO, experienced a notable correction, dropping nearly 10% with an exceptional trading volume exceeding 1.95 billion dirhams. This session marks the beginning of a normalization phase following its rapid price increase post-IPO. The decline affected major stocks as well. Marsa Maroc fell by 1.87% to 955 dirhams, with a trading volume of 221 million dirhams. Akdital saw a decrease of 2.24% to 1,090 dirhams, with 213 million dirhams traded. Attijariwafa Bank also declined by 2.83% to 720 dirhams, on a volume of 203 million dirhams. Conversely, some stocks performed well, with Sanlam Maroc leading the gains, rising by 9.88% to 2,280 dirhams. In other market news, the Treasury repurchased 11 billion dirhams of government bonds, while silver and gold reaffirmed their status as safe havens. Akdital's core team reassured the market following the end of the lock-up period for its shares. Additionally, there was a slight consolidation in mutual fund assets, totaling 810.8 billion dirhams.