Morocco's equities finished the trading session in positive territory on Monday, with the Moroccan All Shares advancing 2.73% at the close in Casablanca. Gains were concentrated in the Banking, Beverage and Transport sectors and were reflected across a majority of listings.
The market's strongest individual performance came from Managem (CSE:MNG), which surged 9.97% - a rise of 1,505.00 points - to close at 16,600.00. The stock's gain took it to all time highs, finishing the day up 9.97% or 1,505.00 to 16,600.00.
Other notable winners included Miniere Touissit (CSE:CMT), which added 5.83% or 267.00 points to end at 4,850.00, and Bmce Bank (CSE:BOA), which rose 4.98% or 9.95 points to finish at 209.95 in late trade.
- Top gainers:
- Managem (CSE:MNG) - up 9.97% to 16,600.00
- Miniere Touissit (CSE:CMT) - up 5.83% to 4,850.00
- Bmce Bank (CSE:BOA) - up 4.98% to 209.95
On the other end of the tape, Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) posted the largest decline, slipping 4.31% or 26.00 points to close at 573.00. Med Paper (CSE:MDP) fell 3.57% or 0.89 points to end at 24.01, while Jet Contractors (CSE:JET) declined 1.43% or 32.00 points to 2,205.00.
- Largest decliners:
- Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) - down 4.31% to 573.00
- Med Paper (CSE:MDP) - down 3.57% to 24.01
- Jet Contractors (CSE:JET) - down 1.43% to 2,205.00
Advancing issues outnumbered decliners on the Casablanca Stock Exchange by 47 to 6, while 4 stocks finished unchanged.
Commodities moved unevenly during the session. Crude oil for July delivery fell 5.12% or 4.95 to $91.65 a barrel. Brent oil for August delivery dropped 4.65% or 4.66 to $95.55 a barrel. Meanwhile, the August Gold Futures contract rose 0.97% or 44.40 to trade at $4,600.80 a troy ounce.
In currency markets, the euro-moroccan dirham exchange rate (EUR/MAD) ticked up 0.12% to 10.71, while the U.S. dollar versus the dirham (USD/MAD) eased 0.12% to 9.21. The U.S. Dollar Index Futures was down 0.24% at 98.94.
The market breadth and the concentration of gains in banking, beverage and transport helped push the Moroccan All Shares higher, with Managem’s move to record levels standing out among the session's performers. The session also featured broader commodity moves that highlighted divergence between energy markets and safe-haven metals.
Data snapshot
MASI +2.73% | BOA +4.98% | BCI -4.31% | CMT +5.83% | MNG +9.97% | MDP -3.57% | JET -1.43% | CL-6.07% | LCO-5.46% | GC+1.04%