Moroccan stocks finished higher on Tuesday, with the Moroccan All Shares index rising 2.22% to reach a one-month high at the close in Casablanca. Strength in the Banking, Beverage and Transport sectors underpinned the advance across the market.
Top performers
The session's strongest gains on the Moroccan All Shares were led by Residences Dar Saada SA (CSE:RDS), which jumped 9.98% - a rise of 14.25 points - to close at 157.05. Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR) added 9.97%, gaining 15.95 points to finish at 175.95. Sanlam Maroc SA (CSE:SAH) climbed 8.89%, an increase of 257.00 points, ending the session at 3,147.00.
Lagging names
On the downside, Micro Data SA (CSE:MIC) fell 2.24%, a loss of 18.00 points, to close at 785.00. Auto Hall (CSE:ATH) declined 1.27%, or 1.00 point, to end at 78.00, while Realis. Mecaniques (CSE:SRM) was down 1.17%, losing 6.00 points to finish at 509.00.
Market breadth
Advancers outnumbered decliners on the Casablanca Stock Exchange by 44 to 13, with 3 stocks unchanged at the close, indicating broad-based buying interest across the market.
Record for Sanlam Maroc
Shares of Sanlam Maroc SA (CSE:SAH) closed at an all-time high, rising 8.89% - 257.00 points - to reach 3,147.00 during the session.
Commodities and currencies
In commodities trading, crude oil for May delivery fell 5.03%, a drop of 4.98, to settle at $94.10 per barrel. Brent oil for June delivery decreased 2.92%, down 2.90, to $96.46 per barrel. The June Gold Futures contract rose 1.02%, an increase of 48.77, to trade at $4,816.17 per troy ounce.
On the currency front, EUR/MAD rose 0.45% to 10.91, while USD/MAD decreased 0.22% to 9.24. The US Dollar Index Futures declined 0.34% to 97.83.
Context and takeaway
The session saw widespread upward moves, with notable strength in select financial and industrial listings. While several mid- and small-cap names recorded double-digit percentage gains, a modest number of stocks recorded declines. Commodity markets were mixed, with oil benchmarks weakening and gold futures posting gains, and the Moroccan dirham displayed small divergences against the euro and the dollar.
Key points
- The Moroccan All Shares index closed up 2.22% at a one-month high.
- Leading sector drivers included Banking, Beverage and Transport, lifting many names across the exchange.
- Sanlam Maroc hit an all-time high; several smaller-cap stocks posted the session's largest percentage gains.
Risks and uncertainties
- Commodity price swings - sharp declines in crude oil benchmarks may affect energy-linked sectors and related market sentiment.
- Concentration of gains - strong performance by a subset of stocks could leave broader market advances vulnerable if those names reverse.
- Currency movements - fluctuations in EUR/MAD and USD/MAD introduce exchange-rate exposure for companies and investors operating across these pairs.
This report reflects market moves and prices recorded at the close of trading in Casablanca on the referenced session. Data points above are presented as reported for that session.