Moroccan equities finished the trading day in negative territory on Tuesday, with the Moroccan All Shares index retreating 0.96% at the close in Casablanca. Losses concentrated in the Utilities, Banking and Mining sectors were the primary drivers of the decline.
Market breadth was tilted toward sellers: 45 stocks fell, 8 advanced and 8 finished unchanged on the Casablanca Stock Exchange.
Top performers on the Moroccan All Shares included Aradei Capital SA (CSE:ARD), which rose 1.07% - gaining 4.50 points to end the session at 423.70. Miniere Touissit (CSE:CMT) added 1.05%, or 50.00 points, closing at 4,800.00, while Afric Industries Sa (CSE:AFI) finished up 0.92%, an increase of 3.00 points to 328.00.
Largest decliners were led by Ennakl Automobiles (CSE:NKL), which fell 3.65% - down 1.93 points to a closing price of 51.00. S2M (CSE:S2M) declined 3.41%, or 17.00 points, to end at 482.00. Sanlam Maroc SA (CSE:SAH) slipped 2.99%, losing 89.00 points to finish at 2,891.00.
Commodities were mixed during the session. Crude oil for August delivery climbed 2.51%, up $1.72 to $70.27 a barrel. Brent oil for September delivery rose 2.56%, gaining $1.84 to $73.83 a barrel. By contrast, the August Gold Futures contract eased 0.07%, down $2.94 to trade at $4,164.56 a troy ounce.
Currency pairs involving the Moroccan dirham saw minimal movement. EUR/MAD was unchanged at 10.69, while USD/MAD moved 0.02% to 9.36. On broader FX measures, the US Dollar Index Futures recorded a modest uptick of 0.06%, trading at 100.68.
This session’s trading showed selective buying interest in certain real estate and mining-related names while pressure in autos, technology services and insurance names contributed to the headline decline. The numeric snapshot of individual movers and commodity and currency shifts above summarizes the market context at the close.
Full session highlights - at a glance
- Moroccan All Shares -0.96% at close in Casablanca
- Advancers: Aradei Capital SA (CSE:ARD) +1.07%; Miniere Touissit (CSE:CMT) +1.05%; Afric Industries Sa (CSE:AFI) +0.92%
- Decliners: Ennakl Automobiles (CSE:NKL) -3.65%; S2M (CSE:S2M) -3.41%; Sanlam Maroc SA (CSE:SAH) -2.99%
- Breadth: 45 decliners, 8 advancers, 8 unchanged
- Commodities: WTI Aug +2.51% to $70.27/bbl; Brent Sep +2.56% to $73.83/bbl; Gold Aug -0.07% to $4,164.56/oz
- Currencies: EUR/MAD 10.69 unchanged; USD/MAD 9.36 (+0.02%); US Dollar Index Futures 100.68 (+0.06%)