Market close overview
Morocco's equity market finished the session lower on Thursday as losses in the Utilities, Banking and Mining sectors pressured the broader market. At the Casablanca close, the Moroccan All Shares index fell 0.16%.
Top gainers
The best performing issues on the Moroccan All Shares were Societe des Boissons du Maroc SA (CSE:SBM), M2M Group (CSE:M2M) and Micro Data SA (CSE:MIC). Societe des Boissons du Maroc SA rose 3.18% or 70.00 points to trade at 2,270.00 at the close. M2M Group added 2.64% or 11.00 points to end at 427.00, while Micro Data SA was up 2.50% or 19.00 points to 779.00 in late trade.
Largest declines
On the downside, Realis. Mecaniques (CSE:SRM) led losses, falling 3.82% or 19.30 points to trade at 486.00 at the close. Marocaine Ste de Therapeutique SA (CSE:SOT) declined 3.13% or 50.00 points to end at 1,550.00, and SMI (CSE:SMI) was down 2.84% or 191.00 points to 6,543.00.
Market breadth and participation
Decliners outnumbered advancers on the Casablanca Stock Exchange, with 39 stocks falling compared with 19 rising. Four issues finished unchanged.
Commodities and currency moves
Energy and metals markets showed notable activity. Crude oil for May delivery was up 8.66% or 8.67 to $108.79 a barrel. Brent oil for June delivery rose 5.01% or 5.07 to $106.23 a barrel. The June Gold Futures contract fell 2.42% or 116.59 to trade at $4,696.51 a troy ounce.
In currency markets, EUR/MAD was down 0.18% to 10.82, while USD/MAD rose 0.43% to 9.36. The US Dollar Index Futures was up 0.25% at 99.71.
Implications
The session featured mixed stock-level performance against a modest overall decline in the Moroccan All Shares index, with pronounced moves in global commodity prices and small shifts in local currency exchange rates reflected in market data.