On June 15, 2026, at approximately 11:10 AM, the Casablanca Stock Exchange experienced a notable surge, with its benchmark index, the MASI, climbing by 2.83% to reach 18,459.76 points. This positive momentum was largely attributed to a reduction in oil-related fears and a renewed appetite for risk among investors. The MASI 20 index also saw a healthy increase of 2.79%, settling at 1,341.61 points, while the MASI ESG index rose by 3.3% to 1,323.60 points. Trading volume was robust, with transactions already totaling 93.2 million dirhams, contributing to a market capitalization of 1.064 trillion dirhams.
Among the standout performers in the market were mining stocks, with Managem witnessing a significant rise of 8.91% to 14,850 dirhams, and Minière Touissit soaring by an impressive 9.98%. Other notable gains included IB Maroc.com, which advanced by 9.97%, CMGP Group, up by 6.84%, and Stroc Industrie, which increased by 6.38%.
This surge in the stock market coincided with a crucial announcement from Washington and Tehran, who revealed that they had reached a preliminary memorandum of understanding aimed at resolving the ongoing conflict in the region. According to statements from both parties, the agreement entails an immediate ceasefire, the reopening of the strategic Strait of Hormuz, and the initiation of approximately 60 days of negotiations focusing on Iran's nuclear program and the lifting of economic sanctions. A formal signing of the agreement is anticipated in the coming days.
The Strait of Hormuz is a vital artery for global oil transportation, accounting for nearly one-fifth of the world's oil supply, and has been a focal point of market attention amid rising tensions. The prospect of its reopening has contributed to a relaxation in oil prices and has fostered a return of risk appetite in international equity markets.
European markets also reported gains on the morning of June 15, with investors reacting positively to the potential de-escalation of tensions, which alleviates concerns regarding global energy supply and economic growth. However, the final details of the agreement have yet to be disclosed, and discussions remain ongoing regarding Iran's nuclear program, the terms of sanction relief, and various security considerations related to the region.
Despite the uncertainty, investors on the Casablanca exchange are currently favoring a scenario of lasting de-escalation, particularly following a week characterized by significant volatility and a resurgence of risk aversion.
As reported by medias24.com.
