Casablanca’s stock market stormed into 2025 with a powerful start, delivering one of its most striking quarterly performances in recent years. By the end of the first quarter, the main index, MASI, had surged by an impressive 20.19%, hitting a record high of 17,756.02 points. This sharp rise reflects a clear boost in investor confidence, driven largely by the resilience of key strategic sectors.
The MASI.20 index, which tracks the 20 most actively traded companies, performed even better—leaping 21.21% to reach 1,446.08 points. Meanwhile, the MASI.ESG, which highlights companies with the strongest environmental, social, and governance scores as assessed by Moody’s ESG Solutions, climbed 17.64% to 1,217.24 points.
Smaller firms also had their moment. The MASI Mid and Small Cap index rose 15.28%, closing at 1,771.13 points. This gain suggests a growing appetite among investors for mid-cap and small-cap stocks—companies that may not be as liquid but are seen as having significant growth potential.
Among the sectors, electricity was the runaway leader, skyrocketing by 72.39%. Mining followed with a robust 59.75% gain, while telecoms jumped 49.37%. These standout performances point to broader global trends shaping investor decisions, particularly the push toward clean energy and rapid digitalization.
Only one sector ended the quarter in the red. Beverage stocks took a noticeable hit, falling 8.35%. But that dip did little to dampen the market’s overall momentum.
Trading activity mirrored the market’s enthusiasm. Total transaction volume for the quarter topped 33.48 billion dirhams. The central market handled the bulk of that, accounting for 21.55 billion dirhams, while block trades added another 1.71 billion.
Heavyweights dominated the trading charts. AttijariWafa Bank led the way with 3.52 billion dirhams in traded volume, followed by Maroc Telecom with 2.8 billion, and Marsa Maroc, the logistics and port operations giant, with 2.11 billion.
Several stocks posted jaw-dropping gains. Stokvis Nord Afrique stole the spotlight, more than tripling in value with a 213.38% jump to 51.30 dirhams. Close behind were Fénie Brossette, up 162.09%, and steelmaker Sonasid, which surged 93.11%. Maghreb Oxygène and payment solutions firm S.M Monétique also posted gains above 80%. These spikes often reflect major business turnarounds, strong earnings, or a surge in speculative interest.
Not every name, however, had a reason to celebrate. Société des Boissons du Maroc fell by 11.02%, while Rebab Company and Eqdom slipped by 10% and 8.94%, respectively. Even Bank of Africa, despite a generally favorable outlook for the financial sector, saw its stock dip by 4.44%.
Thanks to these overall gains, Casablanca’s market capitalization now exceeds 925.25 billion dirhams, further cementing the exchange’s position as a leading financial hub in the region.
In short, the first quarter of 2025 marks a powerful resurgence for the Casablanca Stock Exchange. Backed by strong sectoral momentum and renewed investor optimism, the market has set the tone for a promising year—though whether this rally will hold through the next quarters remains to be seen.
