Moroccan equities finished lower at the close on Tuesday, with sector-level declines in Utilities, Banking and Mining contributing to a drop in the benchmark. At the Casablanca close, the Moroccan All Shares index was down 0.39%.
Among individual stocks, SMI (CSE:SMI) was the session's top performer, rising 6.63% or 717.00 points to finish at 11,537.00. IB Maroc Com SA (CSE:IBC) gained 3.70% or 2.30 points to end the day at 64.50, while Med Paper (CSE:MDP) advanced 3.19% or 0.80 points to close at 25.90.
On the downside, Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR) led losses, falling 3.55% or 8.20 points to close at 223.10. Involys (CSE:INV) slipped 2.47% or 3.70 points to 146.30, and Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) declined 2.32% or 14.00 points to end at 590.00.
Market breadth favored sellers on the Casablanca Stock Exchange, with 34 stocks declining versus 17 that rose; 8 shares finished unchanged.
Notably, shares of SMI (CSE:SMI) reached an all-time high during the session, climbing 6.63% or 717.00 to 11,537.00.
Commodities and currency movements accompanied the equity action. Crude oil for June delivery increased 3.67% or 3.60 to trade at $101.67 a barrel. Brent oil for July delivery rose 3.55% or 3.70 to $107.91 a barrel. In contrast, the June Gold Futures contract fell 1.04% or 49.03 to trade at $4,679.67 a troy ounce.
On the FX front, EUR/MAD moved down 0.15% to 10.72, while USD/MAD was higher by 0.45% at 9.14. The US Dollar Index Futures finished up 0.43% at 98.25.
The session combined modest broad-market weakness with individual stock strength in a handful of names, and was set against a backdrop of notable commodity price moves and shifts in local currency rates.