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MASI falls 0.83% as Label Vie and SMI post double-digit growth

The MASI fell 0.83% to 18,113.11 points on May 20, while the MASI 20 dropped 1.08% to 1,306.24 and the MASI Mid and Small Cap index lost 0.94% to 1,864.77. On the corporate front, Label Vie posted first-quarter 2026 revenue of 4.18 billion dirhams, up 15.9% at end-March, according to Le Matin.ma, Medias24 and L'Economiste. SMI reported a 36% jump in first-quarter revenue, driven by soaring silver prices, according to Medias24. Some stocks outperformed the weaker market, with AGM up 5.6% on May 20 after Promopharm gained 5.9% on May 19 and Unimer rose 6% to 167.45 dirhams on May 18, according to Casablanca Stock Exchange notes.

Casablanca Stock Exchange — AGM Jumps 5.6% Even as MASI Falls 0.83%

AGM posted one of the day’s standout gains on the Casablanca Stock Exchange, rising 5.6% to MAD 7,250 in a market dominated by declines. The MASI fell 0.83%, dragged by banks and industrial names, while a handful of mid-caps proved more resilient.

Casablanca Stock Exchange — Promopharm Jumps 5.9% Even as MASI Falls 1.0%

Promopharm posted the day’s best gain, rising 5.9% to MAD 1,346 while the MASI fell 1.0%. Mining losses and FX pressure drove the broader selloff, but pharmaceutical names showed unusual resilience.