The clearest signal from the Casablanca stock exchange today came from a stock that moved against the tape: S.M Monétique (SMO) rose 4.6% to 540 MAD, the session’s best performance, even as the MASI slipped 0.12% to 17,733.06 and the MASI Mid and Small Cap index fell 0.43% to 1,728.33. With 25 stocks up, 28 down and 28 unchanged, SMO’s rally stood out as a stock-specific move rather than a broad-based lift across the market.
That divergence matters because Wednesday’s session, on 30 September 2026, was not a risk-on day for Moroccan equities overall. The MASI 20 edged down 0.04% to 1,284.08 and is now down 13.57% year to date, much weaker than the broader MASI’s 5.91% decline. In other words, the market backdrop remained fragile, especially for large caps, even as a handful of smaller names attracted tactical buying.
Key figures
- SMO: +4.6% at 540 MAD
- MASI: -0.12% at 17,733.06
- MASI Mid and Small Cap: -0.43% at 1,728.33
- Market breadth: 25 gainers / 28 losers / 28 unchanged
- EUR/MAD: +3.64% at 10.998; Brent -3.5% at $98.99/bbl
Market context: weak index, selective buying
The MASI index closed lower despite visible strength in parts of the technology and services space. Among the day’s gainers, added , climbed , rose , and gained . On the losing side, several cyclical and defensive names weighed on sentiment, including , down , at , at , and at .