Moroccan equities finished higher on Wednesday, with advances concentrated in the Banking, Beverage and Transport sectors propelling the market upward.
At the close in Casablanca, the Moroccan All Shares index rose 4.09% to reach a new one-month high.
The session's top performers on the Moroccan All Shares included Douja Prom Addoha (CSE:ADH), which climbed 9.50% - an increase of 2.99 points - to close at 34.48. S2M (CSE:S2M) added 8.46%, or 44.50 points, finishing the day at 570.50. Residences Dar Saada SA (CSE:RDS) rounded out the leading stocks with an 8.41% gain, up 11.40 points to 147.00 at the close.
On the downside, Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) was the weakest performer among the names highlighted, slipping 1.61% or 10.00 points to trade at 610.00 at the close. Afriquia Gaz (CSE:GAZ) declined 1.06% - a drop of 40.00 points - to end the session at 3,750.00, while Disway SA (CSE:DWY) fell 0.79% or 5.90 points, closing at 745.10.
Breadth favored advancers: rising stocks outnumbered decliners on the Casablanca Stock Exchange by 54 to 7, with 2 stocks finishing unchanged.
Commodities showed notable moves during the session. Crude oil for May delivery fell 15.11%, a decrease of 17.07, to $95.88 a barrel. Brent oil for June delivery dropped 12.81% or 14.00 to $95.27 a barrel. In metals, the June Gold Futures contract rose 1.76%, gaining 82.40 to trade at $4,767.10 a troy ounce.
Foreign exchange rates reflected intraday shifts: EUR/MAD moved up 0.38% to 10.88, while USD/MAD declined 0.64% to 9.31. The US Dollar Index Futures was down 1.06% at 98.62.
Market context - The session showed concentrated sector leadership alongside pronounced moves in energy futures and key currency pairs, underlining mixed drivers across asset classes.