Moroccan Stock Market Closes Higher, Moroccan All Shares Index Up 0.50%

Market Overview

The Moroccan stock market closed higher on Thursday, with the Moroccan All Shares Index (MASI) gaining 0.50% to end the day at 11,265.09 points.

The benchmark index was boosted by gains in several sectors, including banks, telecommunications, and construction.

Sector Performance

The banking sector was the biggest gainer of the day, with the Moroccan Banking Index (MSI20) rising 1.06%.

The telecommunications sector also performed well, with the Maroc Telecom Index (MASI.MT) climbing 0.83%.

The construction sector was another bright spot, with the Moroccan Construction Index (MASI.SC) advancing 0.75%.

Top Gainers and Losers

The top gainer of the day was Snep, which rose 5.98%. Other notable gainers included Maroc Telecom, which gained 0.83%, and Bank of Africa, which added 0.75%.

The top loser of the day was Lydec, which fell 2.00%. Other notable losers included Total Maroc, which lost 1.49%, and LafargeHolcim Maroc, which declined 0.94%.

Outlook

The Moroccan stock market is expected to continue to trade sideways in the near term, with investors waiting for more clarity on the economic outlook.

However, the market could see some support from the government's plans to increase infrastructure spending and promote economic growth.