CTM defies the market slump with a 6% jump
Trading on Wednesday, July 1, 2026 at the Casablanca Stock Exchange was defined by a sharp contrast: CTM surged 6.0% to MAD 890.0, the day’s best performance, even as the MASI index fell 0.53% to 18,121.27 points. That divergence points to selective rotation into domestic names in a market that turned more cautious as EUR/MAD climbed 3.30% to 10.689 and Brent crude dropped to $71.32 a barrel.
CTM’s move stood out even more because the broader market closed lower across all major benchmarks. The MASI 20 lost 0.31% to 1,333.52, the MASI ESG fell 0.80% to 1,286.46, and the MASI Mid and Small Cap index slipped 0.26% to 1,829.08. On a year-to-date basis, the picture remains uneven: the MASI is down 3.85% in 2026, the MASI 20 has dropped 10.24%, while the ESG index is still up 2.79%.
Key figures
- CTM: +6.0% at MAD 890.0
- MASI: -0.53% at