Moroccan equities finished the trading day in positive territory on Monday, with sector gains in Banking, Beverage and Transport underpinning the advance.
At the close in Casablanca, the Moroccan All Shares index rose 0.75%.
Top movers
The session's strongest performers on the Moroccan All Shares included Managem (CSE:MNG), which added 9.12% - an increase of 114.00 points - to finish at 1,364.00. Zellidja S.A (CSE:ZDJ) climbed 6.17%, gaining 12.55 points to end at 216.00, and Societe des Boissons du Maroc SA (CSE:SBM) advanced 4.48% or 93.00 points to close at 2,167.00.
Lagging names
On the downside, M2M Group (CSE:M2M) fell 6.43%, a drop of 24.90 points, to close at 362.50. Rebab Company (CSE:REB) declined 5.96% or 5.27 points to finish at 83.10, and Taqa Morocco SA (CSE:TQM) lost 2.15%, a 38.00-point decrease, to end the session at 1,730.00.
On the Casablanca Stock Exchange, advancing issues outnumbered decliners by 38 to 21, while 4 stocks finished unchanged.
The report shows shares in Managem (CSE:MNG) rose to 5-year lows; gaining 9.12% or 114.00 to 1,364.00. Shares in Rebab Company (CSE:REB) fell to 52-week lows; falling 5.96% or 5.27 to 83.10.
Commodities and currency moves
In commodity markets, crude oil for September delivery dropped 6.65% - down $5.94 - to trade at $83.37 a barrel. Brent for October delivery decreased 5.80% or $5.32 to $86.36 a barrel. The August gold futures contract edged higher by 0.09% - up $3.80 - to $4,074.60 a troy ounce.
Foreign exchange moves showed EUR/MAD up 0.21% at 10.67 and USD/MAD higher by 0.22% at 9.38. The US Dollar Index Futures was up 0.03% at 101.33.
Market context
Monday's trading saw broad-based gains in key domestic sectors, while select individual stocks recorded notable percentage moves in both directions. Oil benchmarks posted sizeable declines during the day, and currencies moved modestly versus the dirham.