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Moroccan (MASI) Market Analysis & Valuation

UpdatedAug 11, 2026
DataAggregated Company Financials
Companies75
  • 7D6.7%
  • 3M1.2%
  • 1Y-0.9%
  • YTD3.2%

Over the last 7 days, the market has risen 6.7%, driven by gains in every sector, especially the Materials sector. As for last year, the market performance has been flat. Earnings are forecast to grow by 12% annually.

Market Valuation and Performance

Has the Moroccan Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Aug 2026د.م1.1tد.م356.7bد.م50.5b19.7x21.5x3x
Thu, 09 Jul 2026د.م1.0tد.م355.4bد.م52.2b18.9x19.5x2.9x
Sat, 06 Jun 2026د.م1.1tد.م355.2bد.م52.2b20x20.3x3x
Mon, 04 May 2026د.م1.0tد.م340.4bد.م47.8b20.8x22x3.1x
Wed, 01 Apr 2026د.م950.1bد.م343.0bد.م46.8b20.9x20.3x2.8x
Fri, 27 Feb 2026د.م1.0tد.م342.5bد.م46.2b21.7x21.8x2.9x
Sun, 25 Jan 2026د.م1.0tد.م341.5bد.م46.4b23.2x22.1x3x
Tue, 23 Dec 2025د.م1.0tد.م325.7bد.م45.0b22.8x22.7x3.1x
Thu, 20 Nov 2025د.م947.4bد.م325.1bد.م44.9b21.9x21.1x2.9x
Sat, 18 Oct 2025د.م961.6bد.م321.7bد.م44.5b22.1x21.6x3x
Mon, 15 Sep 2025د.م1.0tد.م311.8bد.م43.4b24.8x23.7x3.3x
Wed, 13 Aug 2025د.م1.0tد.م311.2bد.م43.3b25.2x23.8x3.3x
Fri, 11 Jul 2025د.م973.6bد.م309.7bد.م37.3b24.9x26.1x3.1x
Sun, 08 Jun 2025د.م959.4bد.م313.4bد.م37.4b24.7x25.7x3.1x
Tue, 06 May 2025د.م895.3bد.م296.0bد.م33.7b24.3x26.5x3x
Thu, 03 Apr 2025د.م904.3bد.م299.5bد.م34.8b23.3x26x3x
Sat, 01 Mar 2025د.م856.8bد.م298.1bد.م33.6b22.9x25.5x2.9x
Mon, 27 Jan 2025د.م795.8bد.م297.1bد.م32.8b23.2x24.3x2.7x
Wed, 25 Dec 2024د.م738.2bد.م299.1bد.م32.8b22.1x22.5x2.5x
Fri, 22 Nov 2024د.م746.2bد.م294.1bد.م32.1b21.9x23.2x2.5x
Sun, 20 Oct 2024د.م715.0bد.م294.1bد.م32.1b21.8x22.3x2.4x
Tue, 17 Sep 2024د.م712.0bد.م290.4bد.م30.2b24x23.6x2.5x
Thu, 15 Aug 2024د.م705.4bد.م291.1bد.م30.0b22.3x23.5x2.4x
Sat, 13 Jul 2024د.م691.4bد.م290.7bد.م34.0b22.1x20.4x2.4x
Mon, 10 Jun 2024د.م674.7bد.م290.4bد.م33.9b21.9x19.9x2.3x
Wed, 08 May 2024د.م685.3bد.م289.9bد.م32.9b21.8x20.8x2.4x
Fri, 05 Apr 2024د.م664.9bد.م282.3bد.م32.5b23.3x20.5x2.4x
Sun, 03 Mar 2024د.م661.4bد.م281.6bد.م32.3b23.1x20.5x2.3x
Tue, 30 Jan 2024د.م634.8bد.م283.6bد.م32.7b22.5x19.4x2.2x
Thu, 28 Dec 2023د.م617.4bد.م284.5bد.م32.8b20.4x18.8x2.2x
Sat, 25 Nov 2023د.م603.5bد.م278.0bد.م31.4b20.2x19.2x2.2x
Mon, 23 Oct 2023د.م617.5bد.م275.4bد.م30.1b20.6x20.5x2.2x
Wed, 20 Sep 2023د.م598.4bد.م273.2bد.م30.7b19.9x19.5x2.2x
Fri, 18 Aug 2023د.م611.1bد.م264.8bد.م29.5b20.7x20.7x2.3x
Price to Earnings Ratio

20.7x


Total Market Cap: د.م611.1bTotal Earnings: د.م29.5bTotal Revenue: د.م264.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Moroccan Market Price to Earnings3Y Average 22.1x202420252026
Current Market PE
  • Investors are relatively neutral on the Moroccan market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 22.1x.
Past Earnings Growth
  • The earnings for Moroccan listed companies have grown 20% per year over the last three years.
  • Revenues for these companies have grown 10% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Moroccan Market?

MA Market6.71%
Materials16.24%
Telecom6.34%
Industrials5.33%
Real Estate4.83%
Utilities4.57%
Consumer Staples2.82%
Tech2.61%
Financials2.58%
Consumer Discretionary1.86%
Healthcare1.79%
Energy0.22%
Sector PE
  • Investors favour the Utilities sector the most for future growth, which is trading close to its 3-year average PE ratio of 39.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 12.5% which is higher than its past year's earnings decline of 5.7% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading below its 3-year average of 15.4x.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 58% over the next 5 years.
  • This is better than its past earnings growth rate of 22% per year.
  • In contrast, the Telecom sector is expected to see its earnings grow by 3.1% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
MNG Managemد.م1.63k13.3%
+د.م22.7b		182.2%PE64.5xMaterials
ATW Attijariwafa bankد.م701.202.4%
+د.م3.3b		-8.7%PB2xFinancials
IAM Itissalat Al-Maghrib (IAM)د.م98.513.9%
+د.م3.3b		-19.3%PE16.2xTelecom
GTM Societe Generale des Travaux du Marocد.م710.005.2%
+د.م2.1b		n/aPE31.7xIndustrials
TGC Travaux Généraux de Construction de Casablancaد.م788.006.5%
+د.م1.7b		-26.4%PE28.7xIndustrials
See more

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Latest News

TGC
د.م788.00
Travaux Généraux de Construction de Casablanca
7D
6.5%
1Y
-26.4%
ATW
د.م701.20
Attijariwafa bank
7D
2.4%
1Y
-8.7%
T2S
د.م238.00
T2S Group Holding
7D
-1.7%
1Y
n/a
IAM
د.م98.51
Itissalat Al-Maghrib (IAM)
7D
3.9%
1Y
-19.3%
MNG
د.م1,631.00
Managem
7D
13.3%
1Y
182.2%
DRI
د.م4,061.00
Dari Couspate
7D
-3.3%
1Y
1.5%
EQD
د.م1,500.00
Societe d'Equipement Domestique et Menager (EQDOM)
7D
-4.5%
1Y
15.4%
PRO
د.م1,300.00
Societe de Promotion Pharmaceutique du Maghreb
7D
-2.9%
1Y
-9.4%
TQM
د.م1,845.00
TAQA Morocco
7D
3.1%
1Y
-36.9%
BCP
د.م252.00
Banque Centrale Populaire
7D
1.6%
1Y
-22.5%
WAA
د.م5,684.00
Wafa Assurance
7D
6.2%
1Y
7.3%
ADH
د.م36.00
Douja Promotion Groupe Addoha
7D
-2.7%
1Y
-10.1%
GTM
د.م710.00
Societe Generale des Travaux du Maroc
7D
5.2%
1Y
n/a
OUL
د.م1,165.00
Les Eaux Minérales d'Oulmès
7D
-0.4%
1Y
-4.6%
LES
د.م312.00
Lesieur Cristal
7D
-1.6%
1Y
9.5%
CAP
د.م251.80
Cash Plus
7D
-0.5%
1Y
n/a