Casablanca Exchange: MASI at 19,000 pts, capi at 1,000 MMDH

MASI breaks through the 19,000-point barrier for the first time

During the session of July 18, 2025, the Casablanca Exchange global MASI index closed at 19,168.83 points, up 1.30% on the day. This was a new all-time high, representing a remarkable annual increase of almost 29.75%.

Market capitalization in excess of 1,000 billion dirhams (MMDH)

On the same date, the total value of listed shares exceeded the symbolic 1,000 billion dirhams mark for the first time, reaching 1,007.8 billion dirhams.

Analysis of the driving forces behind this upturn

a) Upward momentum since the start of the year

• MASI has posted an exceptional performance, up nearly 29.8% since January.
• Segmented indices confirm this trend:
  • MASI 20: +1.28% to 1,578.22
  • MASI ESG: +1.26% to 1,318.74

b) Market heavyweights

• Attijariwafa Bank dominates capitalization with 155.98 MMDH.
• Suivie par Itissalat Al-Maghrib (106,37 MMDH) et Taqa Morocco (70,41 MMDH).

c) Driven by new trends and rising values

• Vicenne, floated on the stock market less than a week ago, jumped nearly 10% to DH345.35.
• Other notable performances:
  • Maghreb Oxygène: +9.96% to DH425
  • Sothema : +9,56 % à 1 810 DH (volume : 25,3 M DH)

d) Sustained sales and rising volumes

• Total session volume: 444.5 million dirhams, up sharply.
• The most heavily traded shares include Attijariwafa Bank, Itissalat Al-Maghrib, BMCI (DH56.1 million) and Sothema.

What these records mean for investors

1. Increased investor confidence: The rapid rise in MASI and market capitalization has reinforced the attractiveness of the Moroccan market.
2. Diversification of the stock market economy: The rise of recent companies like Vicenne shows the appetite for new listings and sectors.
3. Strengthened regional showcase: The Casablanca Stock Exchange consolidates its position as the second-largest exchange in Africa (behind Johannesburg), with a market capitalization of nearly $100 billion.

Future prospects

• Maintaining current levels will pave the way for new all-time highs.
• The next IPOs and the expansion of sustainable financing (ESG indices) will be ones to watch.
• The next few sessions, and in particular the MASI in the days following this historic close, will be decisive in confirming the strength of the trend.

In a nutshell

• Record 1: MASI crosses 19,000 closing points – 19,168.83 on July 18
• Record 2: Total market capitalization exceeds 1,000 billion dirhams

These two milestones make the week of July 14-18, 2025, a historic moment for the Casablanca Stock Exchange, marking a continued and promising upswing.