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Market intelligence

Sector rotation, liquidity, technical statistics and links with oil, the euro, the dollar and global rates. Every figure is computed from the receipted official bulletin (SHA-256) or an open-licence public series, with its sample size, period and margin of error. Sessions not retrieved and coverage limits are listed on the data-status page.

Descriptive statistics, not a recommendation to buy or sell. "Stretched" means a measure sits in the tails of its own historical distribution, nothing more.

Go to an issuer page

  • ADH Douja Promotion Groupe Addoha MA0000011512
  • ADI Alliances Développement Immobilier MA0000011819
  • AFI Afric Industries MA0000012114
  • AFM AFMA MA0000012296
  • AGMA Agma MA0000010944
  • AKT Akdital MA0000012585
  • ALM Aluminium du Maroc MA0000010936
  • ARD Aradei Capital MA0000012460
  • ATH Auto Hall MA0000010969
  • ATL AtlantaSanad MA0000011710

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Official exchange notices

n=8
  • 27 Oct 2026AV-2026-135 Révision de l'indice MASI ESGOTHER#
  • 27 Oct 2026AV-2026-134 Offre publique d'achat obligatoire visant les titres de "COMPAGNIE MINIERE DE TOUISSIT"PUBLIC_OFFER#
  • 22 Oct 2026AV-2026-133 Révision annuelle des facteurs flottants et des facteurs de plafonnementOTHER#
  • 22 Oct 2026AV-2026-132 d'attribution coté Introduction en bourse de "JET ENERGY" par augmentation de capitalIPO#
  • 15 Oct 2026AV-2026-131 Augmentation de capital de "BANK OF AFRICA" par attribution gratuite avec droitCAPITAL_INCREASE#
  • 12 Oct 2026AV-2026-129 Résultats de l'augmentation de capital en numéraire de "T2S GROUP HOLDING"CAPITAL_INCREASE#
  • 1 Oct 2026AV-2026-128 - Condition de volume appliquée aux programmes de rachat en bourseBUYBACK#
  • 23 Sept 2026AV-2026-127 Augmentation de capital en numéraire de "T2S GROUP HOLDING"CAPITAL_INCREASE#

Casablanca Stock Exchange notices (AV-YYYY-NNN), linked to the exchange’s own document.

Upcoming ex-dividend dates (bulletin)

No upcoming ex-date printed in the bulletin as of 30 Oct 2026.

From the bulletin’s last-dividend column: what the exchange printed, not an issuer calendar. A dividend not yet printed is not listed.

Data available STALE

Receipted sessions
201
Analysis context 10de7811cc30: 201 expected sessions, 192 observed, 14 one-session intervals dropped (never bridged).
Span
31 Dec 2025 → 28 Oct 2026

RSI-14, 20- and 50-session averages: computable. 200-session average: 0 sessions short. It will appear on its own when the receipted history allows it, never from unverified data.

This market’s statistical RSI thresholds: 10th percentile 35.9, 90th percentile 59.9 (n = 11286). The textbook 30/70 thresholds do not describe the Casablanca exchange.

Global reference points (open licence)

Brent (USD/bbl)
123.10

+8.02 % over 20 obs. · 27 Oct 2026
U.S. Energy Information Administration

EUR/USD (ECB)
1.113

-1.49 % over 20 obs. · 29 Oct 2026
European Central Bank

USD broad index (Fed)
121.32

+0.64 % over 20 obs. · 23 Oct 2026
Board of Governors of the Federal Reserve System (H.10)

U.S. 10-year (%)
5.050

-3.99 % over 20 obs. · 28 Oct 2026
Board of Governors of the Federal Reserve System (H.15)

Euro area AAA 10-year (%)
3.393

-5.27 % over 20 obs. · 28 Oct 2026
European Central Bank

Sector rotation vs MASI

Relative-strength ratio (horizontal) and its momentum (vertical), base 100 = MASI, 20 and 10 sessions. Rotation usually runs clockwise: improving → leading → weakening → lagging. Several sector indices have only one to three issuers, so a "sector" can be a single company.

LeadingWeakeningLaggingImprovingRS-Ratio →RS-Momentum →MASI AGROALIMENTAIRE / PRODUCTION — Improving · RS-Ratio 99.62 · RS-Momentum 100.09 · 2026-09-15MASI ASSURANCES — Leading · RS-Ratio 102.39 · RS-Momentum 103.59 · 2026-09-15AssurancesMASI BANQUES — Leading · RS-Ratio 102.52 · RS-Momentum 101.51 · 2026-09-15MASI BATIMENT ET MATERIAUX DE CONSTRUCTION — Lagging · RS-Ratio 97.02 · RS-Momentum 99.61 · 2026-09-15Batiment Et Materiaux…MASI BOISSONS — Leading · RS-Ratio 103.42 · RS-Momentum 103.56 · 2026-09-15BoissonsMASI CHIMIE — Lagging · RS-Ratio 94.60 · RS-Momentum 98.09 · 2026-09-15ChimieMASI DISTRIBUTEURS — Weakening · RS-Ratio 102.41 · RS-Momentum 99.73 · 2026-09-15MASI ELECTRICITE — Leading · RS-Ratio 100.97 · RS-Momentum 102.02 · 2026-09-15MASI INDUSTRIE AGRICOLE — Lagging · RS-Ratio 99.57 · RS-Momentum 99.93 · 2026-09-15MASI INDUSTRIE PHARMACEUTIQUE — Leading · RS-Ratio 103.70 · RS-Momentum 103.36 · 2026-09-15Industrie Pharmaceuti…MASI INGENIERIES ET BIENS D’EQUIPEMENT INDUSTRIELS — Improving · RS-Ratio 98.81 · RS-Momentum 101.78 · 2026-09-15MASI LOISIRS ET HOTELS — Leading · RS-Ratio 101.96 · RS-Momentum 102.76 · 2026-09-15Loisirs Et HotelsMASI MATERIELS,LOGICIELS ET SERVICES INFORMATIQUES — Leading · RS-Ratio 102.01 · RS-Momentum 100.17 · 2026-09-15MASI MINES — Lagging · RS-Ratio 96.29 · RS-Momentum 94.71 · 2026-09-15MinesMASI PARTICIPATION ET PROMOTION IMMOBILIERES — Lagging · RS-Ratio 98.21 · RS-Momentum 98.76 · 2026-09-15MASI PETROLE ET GAZ — Weakening · RS-Ratio 100.92 · RS-Momentum 99.84 · 2026-09-15MASI SANTE — Leading · RS-Ratio 101.61 · RS-Momentum 101.47 · 2026-09-15MASI SERVICES DE TRANSPORT — Leading · RS-Ratio 100.42 · RS-Momentum 100.11 · 2026-09-15MASI SOCIETE DE FINANCEMENT ET AUTRES ACTIVITES FINA — Improving · RS-Ratio 99.38 · RS-Momentum 101.22 · 2026-09-15MASI SOCIETES DE PLACEMENT IMMOBILIER — Leading · RS-Ratio 104.64 · RS-Momentum 102.87 · 2026-09-15Societes De Placement…MASI SOCIETES DE PORTEFEUILLES - HOLDINGS — Lagging · RS-Ratio 96.04 · RS-Momentum 98.49 · 2026-09-15Societes De Portefeui…MASI SYLVICULTURE ET PAPIER — Improving · RS-Ratio 99.27 · RS-Momentum 103.25 · 2026-09-15Sylviculture Et PapierMASI TELECOMMUNICATIONS — Improving · RS-Ratio 99.50 · RS-Momentum 100.80 · 2026-09-15MASI TRANSPORT — Leading · RS-Ratio 101.62 · RS-Momentum 101.70 · 2026-09-15
SectorQuadrantvs MASI 1 monthvs MASI 3 months
MASI ASSURANCESLeading8.91 pt6.57 pt
MASI PARTICIPATION ET PROMOTION IMMOBILIERESLagging5.65 pt7.82 pt
MASI BANQUESLeading2.91 pt2.69 pt
MASI SOCIETES DE PLACEMENT IMMOBILIERLeading2.71 pt4.36 pt
MASI ELECTRICITELeading2.59 pt-1.52 pt
MASI AGROALIMENTAIRE / PRODUCTIONImproving1.86 pt-0.78 pt
MASI DISTRIBUTEURSWeakening1.08 pt7.98 pt
MASI SOCIETE DE FINANCEMENT ET AUTRES ACTIVITES FINAImproving0.38 pt-4.94 pt
MASI SOCIETES DE PORTEFEUILLES - HOLDINGSLagging0.23 pt-7.71 pt
MASI PETROLE ET GAZWeakening0.20 pt-2.79 pt
MASI SYLVICULTURE ET PAPIERImproving-0.91 pt-9.53 pt
MASI TRANSPORTLeading-1.33 pt-3.44 pt
MASI SERVICES DE TRANSPORTLeading-1.80 pt-8.37 pt
MASI TELECOMMUNICATIONSImproving-2.28 pt0.35 pt
MASI MINESLagging-2.29 pt17.57 pt
MASI BOISSONSLeading-3.02 pt-2.75 pt
MASI BATIMENT ET MATERIAUX DE CONSTRUCTIONLagging-3.53 pt-10.88 pt
MASI LOISIRS ET HOTELSLeading-3.69 pt-3.64 pt
MASI CHIMIELagging-3.81 pt-7.57 pt
MASI MATERIELS,LOGICIELS ET SERVICES INFORMATIQUESLeading-4.01 pt-1.56 pt
MASI INDUSTRIE PHARMACEUTIQUELeading-4.05 pt-7.55 pt
MASI SANTELeading-4.40 pt-7.01 pt
MASI INGENIERIES ET BIENS D’EQUIPEMENT INDUSTRIELSImproving-4.76 pt-6.80 pt
MASI INDUSTRIE AGRICOLELagging-7.92 pt-14.22 pt

Links with global markets

Correlation of daily returns. "Prior": the external value dated before the session (what a local investor could know). "Same day": includes U.S. data published after the Casablanca close. 95 % interval; q = false-discovery rate (Benjamini–Hochberg) across all pairs tested together. Only links with q < 0.10 are listed.

IndexSeriesAlignmentr95 %βnq
MASIEUR/USD (ECB)Same day0.420.29 … 0.531.441850.000
MASIUSD broad index (Fed)Same day-0.41-0.52 … -0.28-1.811850.000
MASI MINESEUR/USD (ECB)Same day0.370.24 … 0.493.591850.000
MASI BANQUESUSD broad index (Fed)Same day-0.35-0.47 … -0.22-1.441850.000
MASI MINESUSD broad index (Fed)Same day-0.35-0.47 … -0.22-4.421850.000
MASI TELECOMMUNICATIONSUSD broad index (Fed)Same day-0.36-0.48 … -0.22-1.531850.000
MASI TELECOMMUNICATIONSEUR/USD (ECB)Same day0.340.21 … 0.461.141850.000
MASI BATIMENT ET MATERIAUX DE CONSTRUCTIONEUR/USD (ECB)Same day0.320.19 … 0.451.371850.000
MASI BANQUESEUR/USD (ECB)Same day0.310.18 … 0.441.001850.000
MASIEuro area AAA 10-year (%)Same day-0.31-0.44 … -0.17-0.331850.000
MASI BANQUESEuro area AAA 10-year (%)Same day-0.31-0.44 … -0.18-0.301850.000
MASI TELECOMMUNICATIONSEuro area AAA 10-year (%)Same day-0.31-0.43 … -0.17-0.311850.000
MASIBrent (USD/bbl)Same day-0.29-0.42 … -0.15-0.081850.000
MASI BATIMENT ET MATERIAUX DE CONSTRUCTIONUSD broad index (Fed)Same day-0.29-0.41 … -0.15-1.561850.000
MASI BATIMENT ET MATERIAUX DE CONSTRUCTIONBrent (USD/bbl)Same day-0.27-0.39 … -0.13-0.091850.001
MASIUSD broad index (Fed)Prior-0.24-0.37 … -0.10-1.071840.003
MASI PETROLE ET GAZUSD broad index (Fed)Prior-0.24-0.37 … -0.10-1.221840.003
MASI TELECOMMUNICATIONSBrent (USD/bbl)Same day-0.23-0.36 … -0.09-0.071850.005
MASI MINESEuro area AAA 10-year (%)Same day-0.23-0.36 … -0.09-0.681850.006
MASIEUR/USD (ECB)Prior0.220.08 … 0.350.751840.007
MASI BATIMENT ET MATERIAUX DE CONSTRUCTIONEUR/USD (ECB)Prior0.220.08 … 0.350.931840.007
MASI BATIMENT ET MATERIAUX DE CONSTRUCTIONUSD broad index (Fed)Prior-0.22-0.35 … -0.08-1.201840.007
MASI BATIMENT ET MATERIAUX DE CONSTRUCTIONEuro area AAA 10-year (%)Same day-0.21-0.34 … -0.07-0.271850.012
MASI BANQUESBrent (USD/bbl)Same day-0.20-0.34 … -0.06-0.051850.013
MASI BANQUESEUR/USD (ECB)Prior0.200.06 … 0.340.651840.013
MASI BANQUESUSD broad index (Fed)Prior-0.20-0.33 … -0.05-0.811840.016
MASI PETROLE ET GAZEUR/USD (ECB)Prior0.190.04 … 0.320.731840.026
MASI TELECOMMUNICATIONSEUR/USD (ECB)Prior0.170.02 … 0.310.561840.046
MASI PETROLE ET GAZEuro area AAA 10-year (%)Same day-0.17-0.30 … -0.02-0.201850.051
MASI BANQUESU.S. 10-year (%)Prior-0.16-0.30 … -0.02-0.191840.058
MASI TELECOMMUNICATIONSUSD broad index (Fed)Prior-0.16-0.30 … -0.02-0.681840.058
MASI PETROLE ET GAZU.S. 10-year (%)Same day-0.16-0.30 … -0.01-0.221850.060
MASI PETROLE ET GAZEuro area AAA 10-year (%)Prior-0.15-0.29 … -0.01-0.191840.073
MASI MINESBrent (USD/bbl)Same day-0.15-0.29 … -0.01-0.121850.073

The dirham and its basket

Bank Al-Maghrib pegs the dirham to a 60 % euro / 40 % dollar basket inside a ±5 % band. Under a rigid basket, EUR/MAD would move 0.40 × EUR/USD. Measured from the exchange’s own MASI, MASI (EUR) and MASI (USD) alone:

Measured slope
0.32 (0.21 … 0.42) vs 0.40 · n = 186
Share explained by the basket
17 %
Conversion day
MASI (EUR) and MASI (USD) follow the previous day’s ECB rate (r = 0.75), not the same day’s (r = 0.01): the exchange converts at the prior fixing.

Liquidity (last 20 sessions)

Central market only, from the bulletin’s volume-at-price ladder reconciled to its own totals (gate K). Amihud: price move per million dirhams traded (higher = less liquid). Off-book: share of blocks, transfers and contributions.

Price levels and value traded (class C: reversible to the exchange’s own figures) are withheld pending the Casablanca Stock Exchange’s written position. Verified access: /access.

TickerAverage value / session (MAD)Median on traded daysSessions tradedMedian contractsAmihudOff-bookShare turnover
ATW——unknown: 19 of 20 sessions observed1100.0002——
MSA——unknown: 19 of 20 sessions observed1110.0011——
IAM——unknown: 19 of 20 sessions observed2330.0014——
BCP——unknown: 19 of 20 sessions observed670.0015——
TGCC——unknown: 19 of 20 sessions observed2330.0017——
GTM——unknown: 19 of 20 sessions observed2020.0021——
MNG——unknown: 19 of 20 sessions observed1340.0024——
AKT——unknown: 19 of 20 sessions observed1620.0024——
CMA——unknown: 19 of 20 sessions observed660.0044——
ADH——unknown: 19 of 20 sessions observed2810.0047——
ADI——unknown: 19 of 20 sessions observed1080.0052——
LHM——unknown: 19 of 20 sessions observed380.0053——
CMG——unknown: 19 of 20 sessions observed1110.0118——
BOA——unknown: 19 of 20 sessions observed470.0135——
CIH——unknown: 19 of 20 sessions observed510.0141——
VCN——unknown: 19 of 20 sessions observed990.0153——
JET——unknown: 19 of 20 sessions observed780.0156——
SMI——unknown: 19 of 20 sessions observed460.0185——
RDS——unknown: 19 of 20 sessions observed780.0188——
CDM——unknown: 19 of 20 sessions observed150.0214——
CSR——unknown: 19 of 20 sessions observed820.0217——
CFG——unknown: 19 of 20 sessions observed290.0282——
RIS——unknown: 19 of 20 sessions observed710.0283——
TQM——unknown: 19 of 20 sessions observed250.0291——
SID——unknown: 19 of 20 sessions observed230.0314——
CMT——unknown: 19 of 20 sessions observed270.0327——
IMO——unknown: 19 of 20 sessions observed310.0471——
WAA——unknown: 19 of 20 sessions observed5.50.0537——
STK——unknown: 19 of 20 sessions observed780.0734——
CAP——unknown: 19 of 20 sessions observed630.0758——
TMA——unknown: 19 of 20 sessions observed350.0769——
HPS——unknown: 19 of 20 sessions observed700.1320——
CRS——unknown: 19 of 20 sessions observed520.1370——
ATH——unknown: 19 of 20 sessions observed580.1432——
MUT——unknown: 19 of 20 sessions observed380.1757——
LBV——unknown: 19 of 20 sessions observed110.1822——
ARD——unknown: 19 of 20 sessions observed260.1894——
SOT——unknown: 19 of 20 sessions observed310.2463——
DHO——unknown: 19 of 20 sessions observed540.2735——
ATL——unknown: 19 of 20 sessions observed180.3029——
SNP——unknown: 19 of 20 sessions observed220.4101——
CTM——unknown: 19 of 20 sessions observed4.50.4122——
SLF——unknown: 19 of 20 sessions observed60.4245——
MIC——unknown: 19 of 20 sessions observed50.5984——
DWY——unknown: 19 of 20 sessions observed9.50.6019——
STR——unknown: 19 of 20 sessions observed130.6558——
MAB——unknown: 19 of 20 sessions observed2.50.6949——
GAZ——unknown: 19 of 20 sessions observed7.50.7580——
DYT——unknown: 19 of 20 sessions observed150.7840——
FBR——unknown: 19 of 20 sessions observed140.8020——
SBM——unknown: 19 of 20 sessions observed50.8249——
BMCI——unknown: 19 of 20 sessions observed40.8322——
S2M——unknown: 19 of 20 sessions observed10.51.0496——
AFI——unknown: 19 of 20 sessions observed81.0711——
SAH——unknown: 19 of 20 sessions observed41.1964——
ALM——unknown: 19 of 20 sessions observed3.51.2353——
AFM——unknown: 19 of 20 sessions observed11.4843——
LES——unknown: 19 of 20 sessions observed71.6150——
MDP——unknown: 19 of 20 sessions observed131.6154——
NKL——unknown: 19 of 20 sessions observed182.9110——
OUL——unknown: 19 of 20 sessions observed24.8830——
M2M——unknown: 19 of 20 sessions observed44.8969——
MLE——unknown: 19 of 20 sessions observed15.3392——
MOX——unknown: 19 of 20 sessions observed38.8831——
COL——unknown: 19 of 20 sessions observed1310.7584——
ZDJ——unknown: 19 of 20 sessions observed2.511.6428——
IBC——unknown: 19 of 20 sessions observed4.517.7098——
INV——unknown: 19 of 20 sessions observed832.3265——
REB——unknown: 19 of 20 sessions observed290.3523——
AGMA——unknown: 19 of 20 sessions observed2———
BAL——unknown: 19 of 20 sessions observed1———
DRI——unknown: 19 of 20 sessions observed1———
EQD——unknown: 19 of 20 sessions observed10———
NEJ——unknown: 19 of 20 sessions observed————
PRO——unknown: 19 of 20 sessions observed1———
SRM——unknown: 19 of 20 sessions observed3———
UMR——unknown: 19 of 20 sessions observed1———

Technical reading

Wilder RSI over 14 sessions, read against the statistical thresholds above. Flip lines: 20-session average ± 1 standard deviation; the trend changes only when the price crosses a line and holds in between. "Not meaningful": under 60 % of the last 20 sessions traded, so the displayed price is often a carried reference, not a trade.

TickerCloseRSI-14ReadingTrendLower lineUpper lineLast flipSessions tradedYear range
WAA5,300.00 64.0Stretched highDown——Down · 40 sessions ago—4,463.006,025.00
IMO91.95 63.9Stretched highUp——Up · 92 sessions ago—89.0093.20
BOA189.90 61.9Stretched highUp——Up · 34 sessions ago—173.95228.47
MIC780.00 60.8Stretched highUp——Up · 41 sessions ago—676.00849.90
AKT1,000.00 33.8Stretched lowDown——Down · 43 sessions ago—975.001,313.00
JET1,446.00 33.7Stretched lowDown——Down · 41 sessions ago—1,392.002,915.00
IAM87.50 33.5Stretched lowDown——Down · 36 sessions ago—87.50114.40
IBC50.02 33.5Stretched lowDown——Down · 39 sessions ago—46.8273.60
SNP270.00 33.4Stretched lowDown——Down · 37 sessions ago—270.00510.00
ZDJ220.00 27.7Stretched lowDown——Down · 37 sessions ago—164.00364.00
GTM560.00 27.5Stretched lowDown——Down · 42 sessions ago—560.00960.00
SMI5,390.00 27.0Stretched lowDown——Down · 34 sessions ago—4,000.0012,899.00
TGCC586.00 24.0Stretched lowDown——Down · 41 sessions ago—580.00959.90
STK46.50 22.7Stretched lowDown——Down · 36 sessions ago—42.10113.00
BMCI570.00 59.4Within rangeDown——Down · 33 sessions ago—535.00645.00
BCP247.00 57.4Within rangeDown——Down · 42 sessions ago—230.00293.40
ADH35.50 56.4Within rangeDown——Down · 42 sessions ago—25.0138.00
SLF420.00 54.7Within rangeDown——Down · 33 sessions ago—388.05596.00
RDS168.00 54.1Within rangeDown——Down · 31 sessions ago—128.70192.00
AFI326.00 53.3Within rangeUp——Up · 102 sessions ago—305.10365.00
ADI359.45 51.7Within rangeDown——Down · 32 sessions ago—321.20571.00
LBV3,900.00 51.7Within rangeUp——Up · 89 sessions ago—3,522.004,680.00
SID1,700.00 51.6Within rangeDown——Down · 43 sessions ago—1,606.002,370.00
MOX383.95 50.9Within rangeDown——Down · 37 sessions ago—328.55413.00
ARD425.00 50.8Within rangeUp——Up · 90 sessions ago—401.00480.00
MUT221.00 50.5Within rangeDown——Down · 33 sessions ago—210.00264.90
CFG194.00 50.5Within rangeUp——Up · 53 sessions ago—188.00258.00
S2M481.00 50.3Within rangeDown——Down · 31 sessions ago—439.00630.00
CIH310.00 49.9Within rangeDown——Down · 40 sessions ago—297.50417.00
CSR175.00 49.7Within rangeDown——Down · 33 sessions ago—150.35214.90
DWY748.00 49.4Within rangeDown——Down · 47 sessions ago—701.00904.00
TQM1,650.00 49.1Within rangeDown——Down · 36 sessions ago—1,560.002,269.00
DYT344.00 48.9Within rangeUp——Up · 90 sessions ago—285.00381.00
MNG1,512.00 48.9Within rangeDown——Down · 31 sessions ago—630.501,900.00
SOT308.95 48.9Within rangeDown——Down · 38 sessions ago—291.00395.00
INV118.00 48.8Within rangeDown——Down · 39 sessions ago—112.10212.50
LHM1,603.00 48.7Within rangeDown——Down · 43 sessions ago—1,500.001,900.00
ALM1,860.00 48.0Within rangeDown——Down · 36 sessions ago—1,650.002,075.00
FBR328.00 48.0Within rangeDown——Down · 35 sessions ago—252.00440.00
CMT3,765.00 47.6Within rangeDown——Down · 92 sessions ago—1,730.005,940.00
HPS535.90 47.5Within rangeUp——Up · 89 sessions ago—481.00679.90
LES290.00 47.2Within rangeDown——Down · 40 sessions ago—275.00425.00
REB91.00 46.8Within rangeUp——Up · 32 sessions ago—83.10113.20
VCN300.00 46.8Within rangeDown——Down · 43 sessions ago—275.00485.00
ATL118.00 46.6Within rangeDown——Down · 39 sessions ago—116.50153.00
DHO47.88 45.9Within rangeDown——Down · 33 sessions ago—46.0080.00
TMA1,320.00 44.8Within rangeDown——Down · 42 sessions ago—1,300.001,779.00
CDM919.00 44.6Within rangeUp——Up · 32 sessions ago—905.301,195.20
ATH59.35 43.9Within rangeDown——Down · 35 sessions ago—58.0097.00
MDP22.00 42.7Within rangeDown——Down · 40 sessions ago—21.0728.55
CAP210.00 42.3Within rangeDown——Down · 40 sessions ago—203.50318.50
COL73.00 41.4Within rangeDown——Down · 34 sessions ago—73.0093.93
GAZ3,500.00 41.3Within rangeUp——Up · 45 sessions ago—3,500.004,250.00
ATW667.00 40.8Within rangeDown——Down · 32 sessions ago—661.00772.00
STR153.00 40.4Within rangeDown——Down · 39 sessions ago—150.00280.00
MAB880.00 39.1Within rangeDown——Down · 41 sessions ago—845.00950.00
RIS293.25 38.7Within rangeDown——Down · 41 sessions ago—290.00420.00
NKL45.00 37.7Within rangeDown——Down · 35 sessions ago—43.0058.48
CRS19.00 37.6Within rangeDown——Down · 37 sessions ago—17.9034.89
CMA1,405.00 37.2Within rangeDown——Down · 33 sessions ago—1,390.001,935.00
CMG257.00 36.9Within rangeDown——Down · 32 sessions ago—257.00411.00
MSA752.00 36.9Within rangeDown——Down · 45 sessions ago—702.10993.00
CTM799.00 36.6Within rangeDown——Down · 36 sessions ago—750.00935.00
NEJ5,621.00 —Not meaningful—————4,300.005,621.00
SAH3,139.00 —Not meaningful—————2,031.003,170.00
DRI4,180.00 —Not meaningful—————4,061.004,300.00
AFM1,250.00 —Not meaningful—————1,114.001,307.00
AGMA7,000.00 —Not meaningful—————6,350.007,330.00
BAL199.00 —Not meaningful—————188.00250.00
SRM449.00 —Not meaningful—————400.00540.00
PRO1,432.00 —Not meaningful—————1,223.001,483.00
OUL1,130.00 —Not meaningful—————1,091.001,290.00
M2M365.00 —Not meaningful—————360.00505.00
UMR169.00 —Not meaningful—————151.40177.00
SBM1,900.00 —Not meaningful—————1,800.002,450.00
MLE360.00 —Not meaningful—————337.00389.55
EQD1,480.00 —Not meaningful—————1,242.001,600.00

Yield gap: dividends against Treasury bonds

Yield on the last detached dividend of Casablanca equities (not a trailing-twelve-month sum) minus the 10-year Moroccan Treasury rate: the comparison pension funds and insurers actually make. Dividend: the bulletin’s “last dividend” column, counted only if detached within the last 15 months (the bulletin keeps printing a company’s last dividend for years after it stops paying). Rate: Bank Al-Maghrib reference rates, interpolated to 10 years (daily from 2026, weekly 2021–2025).

Treasury curve not loaded yet: the gap is not computed.

Cap-weighted
2.79 %
Median of payers
3.32 %
10-year Treasury
—
Gap · Cap-weighted
-0.89 pt
Gap · Median of payers
-0.36 pt
Payers (last 15 months) / Old dividend, excluded
60 / 16

History

MarketDYGapMedian of payers
Other stocks2.79 %-0.89 pt3.32 %
SectorDYGap
Pétrole et gaz5.89 %+2.21 pt
Boissons5.02 %+1.34 pt
Sociétés de financement4.84 %+1.16 pt
Télécommunications4.57 %+0.89 pt
Sociétés de portefeuilles - holdings4.06 %+0.38 pt
Bâtiment et matériaux de construction3.85 %+0.17 pt
Banques3.47 %-0.21 pt
Assurances3.39 %-0.29 pt
Agroalimentaire / production3.31 %-0.37 pt
Transport3.25 %-0.43 pt
Distributeurs3.12 %-0.55 pt
Loisirs et hôtels3.07 %-0.61 pt
Matériels, logiciels et services informatiques2.96 %-0.72 pt
Industrie agricole2.53 %-1.15 pt
Électricité2.30 %-1.38 pt
Industrie pharmaceutique2.13 %-1.55 pt
Santé1.65 %-2.03 pt
Services de transport1.46 %-2.22 pt
Sociétés de placement immobilier1.39 %-2.29 pt
Participation et promotion immobilières1.09 %-2.59 pt
Mines0.46 %-3.22 pt
Chimie0.34 %-3.34 pt
Sylviculture et papier0.00 %-3.68 pt
Ingénieries et biens d’équipement industriels0.00 %-3.68 pt

By stock

TickerDividend (MAD)Fiscal yearYield (last detached dividend)GapPayout ratio

On a share split the exchange restates the per-share dividend the same session (Managem: 55 → 5.50 MAD on 2026-07-27), so price and dividend stay comparable. Some printed dividend amounts were changed after first publication (same ex-date); every version is kept.

Stale-price-adjusted MASI (model)

On a thin market many stocks do not trade every day; their carried prices catch up the next day, which can smooth the index and give it artificial persistence. The test: compare MASI’s persistence with indices built only from liquid stocks (cap-weighted, receipted and split-adjusted closes). This is a descriptive model: similar persistence does not prove stale prices have no effect, and a difference does not prove their cause. The conclusion holds for the session span shown at the top of the page.

SeriesLag-1 autocorr. (95 % CI)Variance ratio VR(2), z*VR(5), z*ReturnMax drawdownCurrent drawdownVs 50 / 200-session average
Published MASI0.10 (-0.04 … 0.24)1.10 · 0.90.94 · -0.30.00 %0.00 %0.00 %— / —
Published MASI 200.10 (-0.04 … 0.25)1.11 · 0.90.92 · -0.30.00 %0.00 %0.00 %— / —
Liquid-tier index0.12 (-0.02 … 0.26)1.12 · 1.20.97 · -0.10.00 %0.00 %0.00 %— / —

Inconclusive — MASI 0.10, liquid stocks —: the sample cannot decide; the history back to 2021 will.

VR > 1: returns continue (trend); VR < 1: they reverse. z* is heteroskedasticity-robust (Lo–MacKinlay); |z*| > 1.96 is significant at 95 %. The unsmoothed MASI attributes all autocorrelation to carried prices: it is a bound, not a central estimate.

Liquid-index members (49): ADH · ADI · AFI · AKT · ARD · ATH · ATL · ATW · BCP · BOA · CAP · CDM · CFG · CIH · CMA · CMG · COL · CRS · CSR · DHO · DWY · DYT · FBR · GAZ · GTM · HPS · IAM · IMO · INV · JET · LBV · LHM · MDP · MNG · MSA · MUT · NKL · RDS · RIS · SID · SMI · SNP · SOT · STK · STR · TGCC · TMA · TQM · VCN

MASI 20 futures →

syznn-yieldgap@1.0.0 · syznn-truetrend@1.1.0

Methods

syznn-technicals@1.1.0 · syznn-liquidity@1.3.0 · syznn-rotation@1.1.0 · syznn-crossmarket@1.0.0

The same figures, as JSON, for institutions and models: /api/v1/markets