On Wednesday, April 15, 2026, trading on the Casablanca Stock Exchange was defined by a sharp split: Stokvis Nord Afrique (SNA) surged 10.0% to MAD 79.19, while the MASI index edged down 0.05% to 18,743.91. That divergence between weak large caps and selective appetite for mid-caps was reinforced by unusually heavy turnover in Vicenne, which led the market with MAD 188.3 million in traded value.
The backdrop matters. With Brent crude at $95.69 a barrel, up 0.9% on the day, and global headlines focused on Strait of Hormuz disruption risks, Morocco’s equity market could not trade in isolation. Morocco is a net energy importer, so higher oil feeds directly into import costs and margin pressure across transport, industry and consumer-facing sectors. At the same time, the EUR/MAD rose 3.40% to 10.881, increasing the local-currency cost of euro-denominated imports, while the USD/MAD fell 0.26% to 9.2284, offering only partial relief for dollar-linked purchases.
Key figures
- MASI: 18,743.91 (-0.05%, YTD -0.54%)
- SNA: MAD 79.19 (+10.0%)
- VCN turnover: MAD 188.3m (+0.7%)
- BOA turnover: MAD 41.3m ()