Morocco's equity market finished the trading day in negative territory on Tuesday, with the Moroccan All Shares index closing down 0.35% in Casablanca. Losses concentrated in the Utilities, Banking and Mining sectors were cited as the primary drags on the overall market.
Top gainers
- Marocaine Ste de Therapeutique SA (CSE:SOT) led the session's advancers, rising 8.24% - a gain of 28.00 points - to close at 368.00.
- Wafa Assurance (CSE:WAA) gained 2.66%, adding 149.00 points to finish at 5,749.00.
- Total Maroc SA (CSE:TMA) climbed 2.43%, advancing 38.00 points to end the session at 1,600.00.
Heaviest decliners
- Maghreb Oxygene (CSE:MOX) slipped 4.92%, down 18.80 points to a close of 363.20.
- M2M Group (CSE:M2M) fell 3.74%, losing 16.00 points to finish at 412.00.
- Ennakl Automobiles (CSE:NKL) was down 3.39%, a decline of 1.98 points to 56.50 at the close.
On the Casablanca Stock Exchange overall, decliners outnumbered advancers by 37 to 20, while 6 stocks finished unchanged. That breadth profile underpinned the modest retreat in the headline index.
Commodities and currency moves
Global commodities traded with mixed direction on the day. Crude oil for June delivery fell 4.31%, a decline of $4.59, settling at $101.83 a barrel. Brent oil for July delivery dropped 3.26%, down $3.73 to $110.71 a barrel. Precious metals moved higher, with the June Gold Futures contract up 1.29% - a rise of $58.65 - to trade at $4,591.95 a troy ounce.
Foreign-exchange rates showed limited movement: EUR/MAD was down 0.12% at 10.80, while USD/MAD was essentially unchanged, moving 0.03% to 9.23. The US Dollar Index Futures was down 0.03% at 98.24.
This session's outcomes reflect a market where sector-specific weakness in utilities, banking and mining outweighed gains in select insurance and energy-related names. Broader commodity price declines in oil and mixed currency shifts provided additional context for activity in Casablanca.