Morocco's equity market ended Wednesday's trading session in positive territory, with sector strength in Banking, Beverage and Transport pushing the Moroccan All Shares index up 0.62% at the close in Casablanca.
The session's top performers on the Moroccan All Shares included Managem (CSE:MNG), which gained 9.99% or 1,426.00 points to finish at 15,696.00. Close behind, SMI (CSE:SMI) advanced 9.73% or 1,123.00 points to close at 12,660.00. Miniere Touissit (CSE:CMT) also posted a sizable rise, up 9.22% or 460.00 points to end the day at 5,449.00.
On the downside, Stokvis Nord Afrique (CSE:SNA) was the weakest among the listed names, slipping 2.95% or 2.60 points to close at 85.40. Risma (CSE:RIS) fell 2.94% or 10.00 points to finish at 330.00, and Afric Industries Sa (CSE:AFI) declined 2.56% or 8.95 points to end at 341.00.
Market breadth favored decliners: falling stocks outnumbered advancers on the Casablanca Stock Exchange by 43 to 12, while 6 issues finished unchanged. Notably, shares of Managem, SMI and Miniere Touissit each rose to all time highs during the session, with the same percentage gains and closing levels recorded above.
Commodities and currencies moved in step with the session. Crude oil for June delivery increased 0.72% or 0.74 to trade at $102.92 a barrel. Brent oil for July delivery fell 0.33% or 0.36 to $107.41 a barrel. The June Gold Futures contract rose 0.19% or 8.80 to trade at $4,695.50 a troy ounce. On the currency front, EUR/MAD was up 0.21% at 10.74, while USD/MAD rose 0.45% to 9.17. The US Dollar Index Futures was up 0.22% at 98.39.
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The close left Casablanca markets higher overall but with a mixed internals picture, as large percentage gains for several names contrasted with a larger number of falling issues. Commodity and currency moves provided additional context to the trading session.