Market close
Morocco's equity market finished the Wednesday session in positive territory, with the Moroccan All Shares rising 1.48% at the Casablanca close. Sector strength in Banking, Beverage and Transport helped push the index higher.
Top and bottom movers
The session's biggest gainer was Nationale d’Electrolyse et de Petrochimie Ste SA (CSE:SNP), which climbed 9.98% - a rise of 31.55 points - to finish at 347.55. Fenie Brossette (CSE:FBR) also jumped 9.98%, adding 29.45 points to end at 324.45. Managem (CSE:MNG) rounded out the top performers with a 9.93% advance, up 143.00 points to close at 1,583.00.
On the downside, Involys (CSE:INV) led decliners, slipping 3.77% or 4.90 points to close at 125.00. Rebab Company (CSE:REB) fell 2.15%, down 2.20 points to 100.00, and Ennakl Automobiles (CSE:NKL) eased 1.96%, a decline of 0.97 points to finish at 48.47.
Market breadth and participation
Advancers outnumbered decliners on the Casablanca Stock Exchange by 42 to 17, with 6 stocks finishing unchanged.
Commodities and currencies
Energy and precious metals markets showed mixed movement during the session. Crude oil for September delivery fell 0.57% or 0.43 to trade at $75.34 a barrel. Brent oil for October delivery was down 0.24% or 0.19, settling at $79.17 a barrel. In contrast, the December Gold Futures contract rose 3.94% or 163.70 to trade at $4,316.30 a troy ounce.
In foreign exchange, EUR/MAD moved up 0.25% to 10.76, while USD/MAD was effectively unchanged, recorded at 9.31 with a 0.03% move. The US Dollar Index Futures eased 0.20% to 99.54 for the session.
Context and closing
The market closed with notable concentration among a few names posting substantial percentage gains, while a smaller group of stocks declined. Commodity price moves and modest currency shifts accompanied the equity gains, reflecting a mixed backdrop across asset classes at the close in Casablanca.