MASI Falls 0.83% to 17,159 as Volume Halves | Morocco Market Report, Oct 5
Key Facts
- A third straight fall in Casablanca: Morocco’s main index opened higher, gave up the gain and closed down on Monday 5 October
- The MASI fell 0.83% to 17,159.50 points, down about 144 points from Friday’s 17,303.69, and 2.39% below Thursday’s 17,579.17
- The MASI 20 of the most liquid stocks fell 0.59% to 1,242.04 points, and the MASI Mid and Small Cap lost 0.93% to 1,664.24
- Turnover halved to 129.6 million dirhams (about US$13.0 million) from Friday’s 259.6 million dirhams (about US$26 million); market capitalisation stood at 1,008.4 billion dirhams (about US$100.9 billion)
- The dirham eased further: the US dollar traded near 9.99 dirhams, from 9.941 at Friday’s close and 9.611 on 25 September
- Prediction markets: Polymarket traders price a 94.4% chance that Aziz Akhannouch is out as prime minister by 31 December 2026 (Polymarket, 5 October, 1:05 pm ET)
- Why it matters: Casablanca has no sellers’ panic but no buyers either, while the weaker dirham raises the dollar cost of Moroccan assets for foreign investors
Today’s Focus
Morocco’s stock market lost ground again on Monday. The MASI, the benchmark of the Casablanca Stock Exchange, fell 0.83% to 17,159.50 points.
The session began well. The index opened 0.79% higher at 17,441.23 points, but buyers did not stay, and the MASI slid to its low of the day by the close.
Trading was thin. Turnover of 129.6 million dirhams (about US$13.0 million) was half of Friday’s level, so the fall came on light volume.
The dirham also weakened. A dollar now buys about 9.99 dirhams, the highest level on our chart, which starts in April.
What matters today. The loss was smaller than Friday’s 1.57%, but the index has now fallen three sessions in a row and broke a technical support at 17,600 points.
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 0.83% to 17,159.50 points on Monday, a loss of about 144 points.
The day began with a rebound attempt. The index rose 0.79% at the open to 17,441.23 points, then gave back the gain and ended at its lows.
The MASI 20, which follows the 20 most liquid stocks, fell 0.59% to 1,242.04 points. The MASI ESG index, which tracks companies with strong sustainability ratings, lost 1.36% to 1,263.16. The MASI Mid and Small Cap index dropped 0.93% to 1,664.24.
Turnover on the central market was 129.6 million dirhams (about US$13.0 million). Market capitalisation ended the day at 1,008.4 billion dirhams (about US$100.9 billion), against 1,019.08 billion dirhams (about US$102.0 billion) at Friday’s close.
The index has lost ground in each of the last two sessions: 1.57% on Friday and 0.83% on Monday. The pace of the fall slowed, but volume fell by half, which means few buyers came forward at these levels. Light volume on a falling day can mark exhaustion of sellers, but it can also mean that investors are simply staying away. The MASI is now about 9.4% below its 28 August level of 18,931.06 points. Boursenews, a Moroccan market site, notes that the chart has weakened after the break below 17,600 points. Until volume returns, Monday’s close reads as a continuation of the decline, not a turning point.
02 The day’s numbers
| Measure | Level | Change | Read |
|---|---|---|---|
| MASI | 17,159.50 | −0.83% | Open was +0.79%; third straight fall |
| MASI 20 | 1,242.04 | −0.59% | Most liquid stocks held up better than the broad index |
| MASI ESG | 1,263.16 | −1.36% | Best-rated ESG companies fell most |
| MASI Mid and Small Cap | 1,664.24 | −0.93% | Smaller companies also lower |
| USD/MAD | 9.9898 | +0.49% | Dirham weaker against the dollar (vs 9.9414 on Friday) |
| Turnover | MAD 129.6m | −50% | About US$13.0 million, against MAD 259.6m on Friday |
The MASI 20 fell less than the broad market on Monday, while the ESG index fell more. That suggests the selling was not limited to the smallest and least liquid names.
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.
Our market data put the dollar at 9.9898 dirhams at 17:00 UTC on Monday, against 9.9414 at Friday’s close. That is a 0.49% rise, and a 3.9% rise from the 9.611 of Friday 25 September. The cause is not stated in the sources we checked, so we do not assign one. All dollar conversions in this report use 9.99 dirhams per dollar.
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Global Markets — Live Board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| 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 |
03 Why it moved: the names behind the index
The sources we checked did not publish a sector breakdown or a list of the most traded stocks for Monday, so we leave both out rather than guess.
The published lists of the biggest movers show a market split between a few sharp rebounds and a few sharp falls.
Stokvis Nord Afrique, a distributor, rose 9.98% to 50.79 dirhams (about US$5.08). It had fallen 10% on Friday to 46.18 dirhams, so it recovered nearly all of that loss in one session.
Zellidja, a mining holding company, gained 3.88% to 260 dirhams (about US$26.03). Cartier Saada, a food company, added 3.62% to 19.48 dirhams (about US$1.95).
On the other side, IB Maroc.com, an online brokerage, fell 6.62% to 49.49 dirhams (about US$4.95). Rebab Company and Jet Contractors each lost 5.61%.
04 Monday’s session, step by step
Here is how the day unfolded on the Casablanca Stock Exchange.
Opening. The MASI began the session 0.79% higher at 17,441.23 points. Early buyers gave the market a positive start.
Midday and afternoon. The gain disappeared and the index turned negative. It finished at its lowest point of the day.
Close. The MASI ended at 17,159.50. The MASI 20 fell 0.59%, and the mid and small cap index fell 0.93%.
Turnover. Trading on the central market reached 129.6 million dirhams (about US$13.0 million), about half of Friday’s level.
05 The day’s movers
| Driver | Close | Change | Note |
|---|---|---|---|
| Stokvis Nord Afrique | MAD 50.79 (US$5.08) | +9.98% | Top gainer; rebound after Friday’s 10% fall |
| Zellidja | MAD 260.00 (US$26.03) | +3.88% | Mining holding company |
| Cartier Saada | MAD 19.48 (US$1.95) | +3.62% | Food producer |
| IB Maroc.com | MAD 49.49 (US$4.95) | −6.62% | Biggest loser of the session |
| Rebab Company | MAD 87.52 (US$8.76) | −5.61% | Among the weakest |
| Jet Contractors | MAD 1,700.00 (US$170.17) | −5.61% | Among the weakest |
Most-traded shares and closing prices of the large banks and holding companies were not available in the sources we used, so we show none.
Stokvis Nord Afrique has swung hard in recent sessions: down 10% on Friday and up 9.98% on Monday. Moves of this size in a small stock usually reflect thin trading, not news. We leave out moves in shares where only a handful of trades took place.
06 The regional scoreboard
| Index | Country | Change |
|---|---|---|
| MASI | Morocco | −0.83% |
| MASI 20 | Morocco | −0.59% |
| MASI Mid and Small Cap | Morocco | −0.93% |
A regional comparison with other African exchanges was not available for this edition. See our other African market reports for the Johannesburg and Lagos sessions.
For foreign investors the message is simple: the Moroccan market is drifting lower without panic, and the weaker dirham adds a currency cost for anyone who holds dirham assets and reports in dollars.
07 What Prediction Markets Say
Morocco held legislative elections on 23 September 2026. The Authenticity and Modernity Party (PAM) came first, and under the constitution the king names the head of government from the leading party. Traders on Polymarket, a prediction market, now bet on who will lead the next government.
Polymarket, 5 October 2026, 1:05 pm ET. “Aziz Akhannouch out as Morocco Prime Minister by December 31, 2026?”: 94.4% yes, with about US$171,000 traded. “Next Prime Minister of Morocco?”: Fatima Ezzahra El Mansouri 94.1%, Mohamed Ouzzine 2.8%, Mohamed Chaouki 0.5%, Nizar Baraka 0.5%, Abdelilah Benkirane 0.2%, Aziz Akhannouch 0.1%, with about US$33,800 traded.
These prices are real-money bets, not polls and not official announcements. Volumes are small. The appointment of the head of government belongs to the king.
Why we show this: prediction markets turn real-money bets into a live probability that moves within minutes of the news, which is why investors, campaigns and newsrooms in the United States now follow them closely. We show them next to polls and official results, never instead of them.
08 What to watch
- Tuesday’s session: whether the MASI holds above 17,000 points, and whether turnover recovers above 130 million dirhams (about US$13 million)
- The dirham: the dollar at about 9.99 dirhams is the highest on our chart, which starts in April; a move through 10.00 would be a new round-number level
- Government formation: the king’s choice of head of government and the coalition talks that follow
- Calendar: our economic calendar lists no Moroccan data releases for Monday 5 October
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 5 October 2026?
The MASI fell 0.83% to 17,159.50 points on Monday 5 October 2026, after opening 0.79% higher.
How much was traded in Casablanca on Monday?
Central-market turnover was 129.6 million dirhams (about US$13.0 million), about half of Friday’s 259.6 million dirhams (about US$26 million).
What is the dirham worth against the US dollar?
About 9.99 dirhams per US dollar on Monday 5 October 2026, against 9.941 at Friday’s close, according to RT live market data.
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.
What do prediction markets say about Morocco’s prime minister?
On Polymarket, traders priced a 94.4% chance on 5 October 2026 that Aziz Akhannouch is out as prime minister by 31 December 2026. These prices are bets, not polls or official results.
Source: Casablanca Stock Exchange session data for Monday 5 October 2026, as published by the MAP news agency via LeSiteinfo and Boursenews; exchange-rate regime from Bank Al-Maghrib; election context from Jeune Afrique; prediction-market prices from Polymarket; 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 · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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