Morocco stocks were lower after the close on Tuesday, with sector declines in Utilities, Banking and Mining driving an overall downbeat finish. At the close in Casablanca, the Moroccan All Shares index was down 0.38%.
The session produced a handful of winners amid the weakness. Med Paper (CSE:MDP) led the gainers, rising 3.62% or 0.89 points to finish at 25.50. Marocaine Ste de Therapeutique SA (CSE:SOT) added 2.17% or 8.00 points to end at 376.00, and Societe d'Exploitation des Ports SA (CSE:MSA) advanced 1.76% or 14.90 points to close at 863.00.
On the downside, SMI (CSE:SMI) registered the heaviest single-stock decline, falling 6.46% or 439.00 points to settle at 6,360.00. Miniere Touissit (CSE:CMT) dropped 4.22% or 209.00 points to finish at 4,740.00, while Managem (CSE:MNG) was down 3.39% or 495.00 points to end the session at 14,095.00.
Market breadth on the Casablanca Stock Exchange skewed negative, with falling stocks outnumbering advancing issues by 35 to 17; three stocks ended unchanged.
Commodities and currencies
Commodities saw mixed moves during the trading day. Crude oil for August delivery declined 0.80% or 0.59 to trade at $73.27 a barrel. Brent oil for September delivery eased 0.75% or 0.58 to $76.94 a barrel. In metals, the August Gold Futures contract fell 1.41% or 59.44 to trade at $4,143.26 a troy ounce.
On the foreign exchange front, EUR/MAD moved down 0.09% to 10.67 while USD/MAD rose 0.40% to 9.38. The US Dollar Index Futures was trading higher, up 0.36% at 101.16.
What the close shows
- The session reflected pressure in traditionally defensive and cyclical sectors - Utilities, Banking and Mining - which collectively contributed to the index decline.
- Despite the broader weakness, selective stocks produced notable gains, with Med Paper, Marocaine Ste de Therapeutique and Societe d'Exploitation des Ports among the best performers.
- Key market indicators outside equities - crude, Brent and gold - moved lower, while the dirham showed small swings versus the euro and the US dollar.
Overall, the close underlines a modest broad-market pullback in Casablanca led by sector-specific weakness, with a small number of stocks outperforming the general trend.