Further Downside Ahead For MASI

The Morocco All-Share Index (MASI) continues to look weak on a technical basis, with further downside likely. There is some support around 10,500, but with the index already down at 10,757 (from 14,000 at the beginning of the year), we are not holding out too much hope that this level will hold. A break through 10,500 would presage falls towards the 9,000 mark. This would put the Casablanca bourse back at levels not seen since the end of 2006.

To read the full article, please choose one of the following options: