Casablanca Stock Exchange: MASI Loses Ground on Friday but Secures Positive Weekly Gains

The Casablanca Stock Exchange navigated a challenging session on February 13, 2026, as the MASI benchmark retraced 0.39% to settle at 18,573.12 points. This latest contraction further exacerbates the index’s negative momentum since the beginning of the fiscal year, with the year-to-date performance now languishing at a deficit of 1.45%. The blue-chip segment felt the pressure even more acutely, as the MASI 20—which tracks the market’s twenty most liquid constituents—slumped by 0.62% to close at 1,431.63 points. This pronounced underperformance in the flagship segment underscores a broader cautiousness among institutional players, pushing the MASI 20’s annual retreat to a cumulative -3.64%. Despite the downward trajectory of the primary indices, the session was characterized by surprisingly robust liquidity, reflecting a market that remains deeply engaged even amidst price corrections. The central market volume reached a substantial 685.75 million dirhams, suggesting a dynamic turnover and a significant reshuffling of institutional portfolios. Total market capitalization remained resilient at 1,033.86 billion dirhams, providing a substantial structural floor for the Casablanca bourse as it navigates this period of heightened volatility and macroeconomic recalibration. The day's activity was spearheaded by Minière Touissit (CMT), which emerged as the primary catalyst for trading flow. The mining outfit dominated the volume charts with 87.83 million dirhams in turnover, significantly outperforming the broader market with a robust 6.32% gain to close at 3,060 dirhams. This surge reflects sustained investor appetite for the extractive sector, contrasting sharply with the general bearish sentiment. In the banking sector, the national heavyweight Attijariwafa bank maintained a position of equilibrium, processing 84.63 million dirhams in transactions while holding its share price steady at 750 dirhams. Meanwhile, the real estate developer Alliances continued its idiosyncratic upward trajectory, securing a 3.31% increase to finish at 515 dirhams on a turnover of 56.83 million dirhams. Beyond the high-volume leaders, the gainers' list was bolstered by AGMA, which climbed 5.46% to reach 6,855 dirhams, and IB Maroc, which advanced by 4.17% to close the session at 68.75 dirhams. However, these gains were sharply offset by a correction in the broader property sector. Douja Promotion, trading as Doha, experienced a significant retreat of 7.24%, falling to 28.20 dirhams. The fact that this decline occurred on a notable exchange volume of 34 million dirhams suggests a concerted exit by certain market participants, marking a stark contrast to the selective buying seen elsewhere. As the session concluded, the divergence between rebounding industrial stocks and struggling real estate developers became the defining narrative of the day’s trade.