Casablanca Stock Exchange surges as MASI jumps 4.46%

business

The Casablanca Stock Exchange recorded one of its strongest trading sessions of the year,

with the MASI index soaring 4.46% to close at 18,753 points.

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The sharp rally followed signs of easing geopolitical tensions in the Middle East, particularly after reports

of an agreement between the United States and Iran and the reopening of the strategic Strait of Hormuz.

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Investors responded positively to the prospect of greater stability in global energy markets, boosting confidence

across financial markets and driving strong buying activity on the Moroccan exchange.

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Trading volumes exceeded 500 million dirhams, reflecting renewed investor appetite and a broad-based recovery across listed stocks.

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The rebound helped the MASI recover most of the losses accumulated in recent weeks, bringing its year

-to-date performance close to break-even after a period of heightened market volatility.

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The strong performance marked a sharp turnaround from the recent market correction

that had weighed on investor sentiment amid geopolitical uncertainty.

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