Market Overview
The MASI index experienced a gradual recovery, closing up 1.02% at 18,306 points. This uptick helped to alleviate some of the selling pressure that had been prevalent since the beginning of the week.
Trading Activity
Market activity strengthened, with total trading volumes reaching 667 million MAD on the central market, aligning with expectations for a technical rebound session.
Attijariwafa Bank dominated the trading landscape, accounting for nearly 20% of the total volume with 122 million MAD in transactions, and closing up 1% at 731 MAD.
Following Attijariwafa Bank, Marsa Maroc recorded a trading volume of 54 million MAD, rising by 1.35%, while SGTM saw a 2.33% increase with 45 million MAD in trades.
Sector Performance
Conversely, SMI continued its downward trend, dropping 5% to 5,300 MAD on a volume of 32 million MAD, extending a profit-taking movement that has been ongoing in recent sessions.
Among smaller capitalizations, notable gains were observed in Maghrebail, Stroc Industrie, and Zellidja, each rising by 6%, albeit on limited trading volumes.
Weekly and Year-to-Date Performance
Thanks to the late-session rebound, the market managed to reduce its weekly losses to -1.94%, while the year-to-date decline was trimmed to -2.84%.
This technical surge needs to be confirmed in subsequent sessions to halt the ongoing consolidation phase.
