By The Rio Times | Created at 2026-10-02 01:51:58 | Updated at 2026-10-02 06:36:06
10 hours ago
Key Facts
- A losing day in Casablanca: Morocco’s main index gave up an early gain and closed at its session low on Thursday 1 October
- The MASI fell 0.87% to 17,579.17 points, down 153.89 points from Wednesday’s 17,733.06, leaving it 6.72% lower since the start of the year
- The MASI 20 of the most liquid stocks fell 1.08% to 1,270.22 points
- TGCC dominated trading with 50.68 million dirhams (US$5.2 million) of a total 152.47 million dirhams (US$15.5 million)
- The dirham eased: the US dollar rose 0.96% to about 9.81 dirhams in a late quote
- Why it matters: the decline was broad, with agri-food, electricity and engineering stocks the weakest sectors
Today’s Focus
Morocco’s stock market slipped on Thursday. The MASI, the benchmark of the Casablanca Stock Exchange, fell 0.87% to 17,579.17 points after starting the day in positive territory.
The index opened 0.06% higher at 17,744.12 and touched 17,780.94. Selling then took over, and the MASI closed at its lowest level of the day.
Construction group TGCC was by far the most traded stock. Attijariwafa bank, the country’s largest lender, and property developer Résidences Dar Saada followed.
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The dirham also weakened against the US dollar. A late quote put the dollar at about 9.81 dirhams, up 0.96% from Wednesday.
What matters today. Thursday’s fall was modest but broad. Investors trimmed blue chips and smaller names alike, and the index ended at the low of the day.
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01 The session in one read
The MASI, short for Moroccan All Shares Index, tracks every share listed on the Casablanca Stock Exchange. It fell 0.87% to 17,579.17 points on Thursday, a loss of 153.89 points.
The day started well. The index rose 0.06% at the open and reached a high of 17,780.94. It closed at its low of the day.
The MASI 20, which follows the 20 most liquid stocks, fell harder at 1.08% to 1,270.22 points. The MASI ESG index lost 0.98% to 1,301.98, and the MASI Mid and Small Cap index slipped 0.64% to 1,717.34.
Turnover on the central market was 152.47 million dirhams (US$15.5 million). TGCC alone accounted for 50.68 million dirhams (US$5.2 million), about a third of the total. Market capitalisation ended the day at 1,034.25 billion dirhams (US$105.4 billion).
Assessment: A broad but orderly decline MEDIUM
The large stocks fell more than the small ones, as the steeper loss in the MASI 20 shows. That points to selling in the most liquid names rather than panic in thin shares. The move was orderly: no single stock carried the index lower, and turnover was concentrated in one name. The weak point is the close at the session low, which leaves little cushion going into Friday. A second losing day would confirm the downtrend that has left the MASI 6.72% lower this year.
02 The day’s numbers
| MASI | 17,579.17 | −0.87% | Closed at the session low; −6.72% year to date |
| MASI 20 | 1,270.22 | −1.08% | Most liquid stocks fell hardest |
| MASI ESG | 1,301.98 | −0.98% | Best-rated ESG companies also lower |
| MASI Mid and Small Cap | 1,717.34 | −0.64% | Smaller companies held up better |
| USD/MAD | 9.8083 | +0.96% | Late quote; dirham weaker against the dollar |
| Turnover | MAD 152.47m | — | About US$15.5 million on the central market |
The MASI’s high of 17,780.94 came early, and the close at 17,579.17 was the low of the day. The full range was about 1.1%, a normal swing for Casablanca.
The dirham does not float freely. Bank Al-Maghrib, the central bank, sets a central rate from a basket made up of 60% euro and 40% US dollar. The dirham may move up to 5% either side of that rate. When the dollar firms against the euro, the dirham usually loses ground against the dollar.
The late quote put the dollar at 9.8083 dirhams, against 9.7148 on Wednesday. That is a 0.96% rise for the dollar. The figure is an intraday reading, not a final close.
Rio Times · Live Market Intelligence
Global Markets — Live Board
World
Oct 1, 2026 · 22:40
S&P 500 · benchmark
7,751 +0.29%
Market breadth · 15 names
60% advancing
9 ▲ advancing6 declining ▼
Currencies, rates & key inputs
Full instrument board
| SPX | 7,751 | +0.29% | — | — | — | — | — |
| NDX | 29,799 | +0.93% | — | — | — | — | — |
| DJI | 53,810 | +0.03% | — | — | — | — | — |
| RUT | 3,041 | +0.46% | — | — | — | — | — |
| US10Y | 4.6760 | -0.17% | — | — | — | — | — |
| VIX | 14.60 | -4.45% | — | — | — | — | — |
| DAX | 26,331 | -0.23% | — | — | — | — | — |
| FTSE | 10,833 | -0.10% | — | — | — | — | — |
| CAC | 8,675 | -0.46% | — | — | — | — | — |
| STOXX | 659.48 | -0.16% | — | — | — | — | — |
| NIKKEI | 67,524 | +0.83% | — | — | — | — | — |
| HSI | 25,440 | -0.83% | — | — | — | — | — |
| KOSPI | 6,579 | +3.68% | — | — | — | — | — |
| CSI300 | 4,691 | +0.58% | — | — | — | — | — |
| NIFTY | 24,436 | -0.15% | — | — | — | — | — |
| TSX | 36,619 | +0.39% | — | — | — | — | — |
| GOLD | 4,461 | +1.78% | +33.20% | 4,383 | 4,503 | 4,421 | 139,824 |
| SILVER | 65.59 | +1.26% | +73.05% | 64.77 | 66.98 | 64.81 | 46,406 |
Largest moves today
VIX 14.60 -4.45%
KOSPI 6,579 +3.68%
GOLD 4,461 +1.78%
SILVER 65.59 +1.26%
NDX 29,799 +0.93%
NIKKEI 67,524 +0.83%
HSI 25,440 -0.83%
CSI300 4,691 +0.58%
The session read
The S&P 500 rose 0.29%, with breadth positive — 9 of 15 names higher. KOSPI led, while HSI lagged.
03 Why it moved: sectors and big names
The selling was spread across the market. Agri-food stocks were the weakest sector, down 4.2%. Electricity fell 3.53%, and engineering and industrial equipment lost 3.18%.
Taqa Morocco, the listed power producer, fell 3.53% to 1,640 dirhams (US$167.20), in line with the electricity sector.
A few corners rose against the trend. Real-estate investment companies gained 2.21%, and Aradei Capital rose 2.78%. Forestry and paper rose 1.65%, and insurers added 1.01%.
The big names drifted lower. Maroc Telecom lost 2.15% and Banque Centrale Populaire 1.20%. Attijariwafa bank slipped only 0.29%, and TGCC fell 0.76% despite its heavy volume.
04 Thursday’s session, step by step
Here is how the day unfolded on the Casablanca Stock Exchange.
Opening. The MASI began the session 0.06% higher at 17,744.12 points. Early buyers briefly pushed it to 17,780.94.
Afternoon. The index gave up its gain and kept falling into the close.
Close. The MASI ended at 17,579.17, its low for the day. The MASI 20 fell 1.08%, more than the broad index.
Turnover. Trading reached 152.47 million dirhams (US$15.5 million). TGCC, Attijariwafa bank and Résidences Dar Saada were the three most traded stocks.
05 The day’s movers
| TGCC | MAD 655.00 (US$66.78) | −0.76% | Most-traded stock: MAD 50.68m (US$5.2m) |
| Attijariwafa bank | MAD 678.00 (US$69.13) | −0.29% | MAD 14.06m (US$1.4m) traded; largest bank |
| Résidences Dar Saada | MAD 160.00 (US$16.31) | −6.43% | Third most traded: MAD 8.99m (US$0.9m) |
| Stokvis Nord Afrique | MAD 51.31 (US$5.23) | −9.98% | Biggest loser of the session |
| Maroc Telecom | MAD 93.45 (US$9.53) | −2.15% | Telecom heavyweight lower |
| Aradei Capital | MAD 440.00 (US$44.86) | +2.78% | Property investor among top gainers |
TGCC set the tone for trading. Its volume of 50.68 million dirhams (US$5.2 million) was more than three times that of Attijariwafa bank. Yet the stock moved only 0.76%, which suggests large orders were matched without much pressure on the price.
Résidences Dar Saada was the clearest loser among the actively traded names. The developer fell 6.43% to 160 dirhams on turnover of 8.99 million dirhams (US$0.9 million).
Stokvis Nord Afrique dropped 9.98% to 51.31 dirhams (US$5.23), the largest fall of the day. Among gainers, Aradei Capital rose 2.78% to 440 dirhams (US$44.86). We leave out moves in shares where only a handful of trades took place.
06 The regional scoreboard
| MASI | Morocco | −0.87% |
| MASI 20 | Morocco | −1.08% |
| EGX30 | Egypt | +2.24% |
Morocco and Egypt moved in opposite directions on Thursday. Egypt’s EGX30 jumped 2.24% to 53,055.03 points, while Morocco’s MASI fell 0.87%.
The contrast shows that local factors still drive these markets more than any shared regional trend. Foreign investors who hold both should treat them as separate bets.
07 The technical picture
The MASI’s close at 17,579.17 is the first level to watch. Because the index ended at its low, a weak open on Friday would leave no intraday support from Thursday.
On the upside, Thursday’s high of 17,780.94 is the nearest resistance. Wednesday’s close of 17,733.06 sits just below it. A move back above both would cancel Thursday’s loss.
The bigger picture is soft. The MASI is down 6.72% since the start of the year, and Thursday’s fall added to that deficit.
For readers who hold dirhams or plan to move money to Morocco, the currency matters as much as the index. A stronger dollar means each dollar buys more dirhams, which makes Moroccan assets and travel cheaper in dollar terms.
08 What to watch
- Friday’s session: whether the MASI holds 17,579 after closing at its low on Thursday
- TGCC volume: another day of heavy trading in the construction group would show whether Thursday’s flows continue
- Dirham reference rate: Bank Al-Maghrib publishes its average reference rate each trading day
- Property and agri-food: the two sectors at opposite ends of Thursday’s table, real-estate investors up and agri-food down
Background: Morocco Lets Foreigners Buy Homes and Shares but Not Farmland, Opening a Bank Account in Morocco as a Foreigner and Morocco Explained: The Kingdom, Its Economy and What to Watch. More from our Morocco page.
Frequently Asked Questions
What is the MASI?
The MASI, or Moroccan All Shares Index, is the main index of the Casablanca Stock Exchange. It tracks all shares listed on the market.
How did the MASI perform on 1 October 2026?
The MASI fell 0.87% to 17,579.17 points on Thursday 1 October 2026. It opened higher but closed at its low for the day.
Which stock was the most traded in Casablanca on Thursday?
TGCC was the most traded stock, with 50.68 million dirhams (US$5.2 million) of the 152.47 million dirhams traded on the central market.
How is the Moroccan dirham’s exchange rate set?
Bank Al-Maghrib sets a central rate from a basket of 60% euro and 40% US dollar. The dirham may move up to 5% either side of that rate.
Source: Casablanca Stock Exchange session data for Thursday 1 October 2026, as published by BMCE Capital Bourse and the MAP news agency via LeSiteinfo; exchange-rate regime from Bank Al-Maghrib; USD/MAD from RT live market data.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error
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