The Casablanca Stock Exchange closed out April on a downbeat note, weighed down by widespread declines across several key indices. The MASI, which reflects the overall performance of Moroccan listed stocks, dropped by 2.06%, finishing the month at 17,390.38 points. The MASI.20, focused on the most actively traded shares, also slipped by 1.91%. Even companies ranked highest for their environmental, social, and governance practices weren’t spared, as the MASI.ESG index slid by 1.51%. Smaller firms fared even worse, with the MASI Mid and Small Cap index plunging 3.61%.
Sector-by-sector, the downturn hit hardest in transportation, which saw a staggering 18% drop. Real estate developers weren’t far behind, losing nearly 15%, while telecoms fell by more than 6.5%. A few industries managed to buck the trend: healthcare surged more than 14%, chemicals climbed nearly 12%, and the pharmaceutical sector rose by 4.66%.
Despite the decline in stock prices, trading volumes remained robust. Over 13.4 billion dirhams changed hands during April, largely driven by activity on the central equity market. Just three companies accounted for a substantial share of this volume: Akdital led the pack with 15.06%, followed by Attijariwafa Bank at 9.5% and Sodep-Marsa Maroc at 8.92%. Meanwhile, overall market capitalization held steady at approximately 908 billion dirhams.
On the list of the month’s biggest losers, CTM took the hardest hit, plunging 17.81% to close at 909 dirhams. Addoha dropped 16.41%, while Alliances, Résidences Dar Saada, and Jet Contractors recorded losses of 13.51%, 11.3%, and 10.42% respectively. In contrast, the standout performer was S2M, which soared by nearly 50% to end the month at 639.9 dirhams. Other notable gainers included Réalisations Mécaniques, Akdital, Bank of Africa, and SNEP—all of which posted gains in the 13–14% range.
