Key figures:
- MASI: 16,902.46 points (+2.23% session, -10.31% YTD)
- USD/MAD: 9.3318 (+3.87%)
- Brent: $87.63/bbl (-11.4% session, +2.6% weekly)
- Market breadth: 42 advancers / 18 decliners / 7 unchanged
- Colorado: 2025 net profit of MAD 66m (+44.4%)
Broad-based rally despite headwinds
The MASI gain was accompanied by favorable market breadth, with 42 stocks rising against 18 declining out of 67 active listings, according to Casablanca Stock Exchange data. The MASI 20 index, tracking large-cap stocks, outperformed with a 2.60% gain to 1,284.43 points, while the MASI Mid and Small Cap index rose 1.85% to 1,733.95 points. The MASI ESG index also shone, gaining 2.59% to 1,159.97 points, suggesting renewed appetite for sustainable stocks. This performance occurred in a contrasting macroeconomic context. The US dollar strengthened by 3.87% against the dirham to 9.3318, while the euro traded at 10.842 MAD (+3.82%), levels that typically weigh on Moroccan importers. Simultaneously, Brent crude experienced a tumultuous session, plunging 11.4% to $87.63 per barrel before limiting weekly losses to +2.6%, reports Platts. This oil volatility, fueled by Middle East geopolitical tensions, created an uncertain environment for energy stocks. This revision, announced the previous day, reflects improving budgetary fundamentals and the resilience of the Moroccan economy to external shocks. "Moody's decision validates the fiscal consolidation trajectory undertaken by the kingdom," explain analysts at CDG Capital in a note published Tuesday morning. This risk appreciation benefited all sectors, particularly banking stocks and interest-rate-sensitive industries. Meanwhile, Colorado's full-year 2025 results stimulated the construction materials sector. The group unveiled a net profit of , up from 2024, with a dividend per share (DPS) raised to . These figures exceeded consensus estimates, according to Attijari Global Research analysis. Among small caps, exploded by , closely followed by (+9.1% to MAD 433) and (+7.8% to MAD 169.85). (CMT) also shone with a 7.7% rise to MAD 3,445, benefiting from firm precious metals prices, with gold trading at (+1.8%).