Stock Markets June 4, 2026 11:10 AM

Casablanca session ends with marginal losses as utilities, banking and mining weigh

Morocco All Shares finishes flat to slightly lower as select stocks lead gains while miners and industrials lag

By Derek Hwang SNA ADI

Moroccan equities closed the trading day lower, with weakness centered in the Utilities, Banking and Mining sectors. The Moroccan All Shares index ended effectively unchanged, while individual movers included gains for Stokvis Nord Afrique, Alliances and LafargeHolcim Maroc and declines for Fenie Brossette, Managem and Mutandis. Commodity markets saw oil retreat and gold tick higher, while the euro strengthened modestly against the dirham.

Casablanca session ends with marginal losses as utilities, banking and mining weigh
SNA ADI

Key Points

  • Moroccan All Shares effectively closed flat, with the headline index down 0.00% at the Casablanca close.
  • Top gainers included Stokvis Nord Afrique (SNA), Alliances (ADI) and LafargeHolcim Maroc (LHM); notable decliners were Fenie Brossette (FBR), Managem (MNG) and Mutandis SCA (MUT).
  • Commodity moves were mixed - U.S. crude and Brent fell meaningfully while August gold futures rose; EUR/MAD strengthened slightly and USD/MAD weakened.

Moroccan stocks finished the trading day lower on Thursday, pressured primarily by losses in the Utilities, Banking and Mining sectors.

At the Casablanca close, the Moroccan All Shares registered a 0.00% decline, effectively finishing the session flat.

The session's strongest performers on the All Shares were Stokvis Nord Afrique (CSE:SNA), which climbed 4.93% - gaining 3.64 points to settle at 77.50; Alliances (CSE:ADI), up 3.97% or 14.95 points to finish at 391.95; and LafargeHolcim Maroc (CSE:LHM), which rose 2.22% or 40.00 points to end the day at 1,840.00.

On the downside, Fenie Brossette (CSE:FBR) led losses after falling 2.83% or 8.50 points to close at 291.50. Miner Managem (CSE:MNG) declined 2.50% - losing 425.00 points to reach 16,550.00 - while consumer company Mutandis SCA (CSE:MUT) was down 2.09% or 4.90 points to 230.00 at the close.

Market breadth on the Casablanca Stock Exchange favored advancers, with 27 stocks advancing versus 21 decliners and 7 issues finishing unchanged.


Commodities moved notably during the session. U.S. crude for July delivery fell 3.17%, down $3.04 to $92.98 a barrel. Brent crude for August delivery slipped 2.68%, off $2.62 to $95.19 a barrel. By contrast, the August gold futures contract advanced 0.69%, gaining $30.94 to trade at $4,497.84 a troy ounce.

Foreign exchange rates showed the euro climbing 0.11% to 10.70 against the Moroccan dirham, while the U.S. dollar weakened 0.09% to 9.21 MAD. The U.S. Dollar Index futures was lower by 0.20%, quoted at 99.31 at the time of reporting.

The session's combination of a flat headline index and divergent sector moves underscored selective stock-level performance: a small group of names produced meaningful percentage gains while several notable issues, including a key miner, posted declines.

Investors monitoring Morocco's market will note the interplay between equity market internals, commodity price shifts and currency movements, as these factors contributed to the day's differentiated outcomes across sectors and individual stocks.

No additional corporate news, earnings announcements or macro releases were reported in the session's summary data provided for this close.

Risks

  • Sector concentration risk - losses in Utilities, Banking and Mining exerted downward pressure on the market, which may affect portfolios overweight in those sectors.
  • Commodity price volatility - declines in crude oil and movements in gold could influence earnings and valuations for resource-related companies, particularly miners.
  • Currency fluctuations - shifts in EUR/MAD and USD/MAD rates can alter earnings translation and import/export dynamics for Moroccan-listed companies.

More from Stock Markets

Boeing Examining Faster 737 Output, Evaluating Supplier Capacity to Approach Airbus Levels Jun 4, 2026 MOEX slips as mining, oil & gas and power names weigh on market Jun 4, 2026 Walmart rolls Subway into its 30-minute express delivery program as e-commerce competition intensifies Jun 4, 2026 Merlin Shares Rally After C-130J Program Clears Critical Design Review Jun 4, 2026 S&P Lowers Wabash National Credit Rating, Cites Weak Cash Flow and Tightening Liquidity Jun 4, 2026