Stock Markets March 23, 2026

Casablanca Market Closes Flat as Select Names Hold Steady Amid Commodity Slump

Moroccan All Shares finishes unchanged while headline stocks record no price movement; oil and gold futures fall sharply

By Sofia Navarro ADI
Casablanca Market Closes Flat as Select Names Hold Steady Amid Commodity Slump
ADI

The Moroccan All Shares index ended the session unchanged, with major listed names posting no price movement at the close. Market breadth readings were reported as 0 to 0 for decliners versus advancers. Commodity markets saw significant declines in oil and a drop in gold futures. Currency pairs versus the Moroccan dirham moved modestly, and the U.S. dollar index futures slipped.

Key Points

  • The Moroccan All Shares index closed unchanged at 0.00%.
  • Major Casablanca-listed names Douja Prom Addoha (CSE:ADH), Alliances (CSE:ADI) and Afriquia Gaz (CSE:GAZ) were all recorded as unchanged at their late-trade prices.
  • Commodity markets fell notably, with May crude down 12.20% to $86.25, Brent June down 11.81% to $93.84, and June gold futures down 1.95% to $4,519.70 a troy ounce. These moves impact energy and commodities-related market sentiment.

Moroccan equities closed the trading day with the Moroccan All Shares index showing no change, finishing the session unchanged at 0.00%.

Official late-trade quotes from Casablanca showed several leading names with no price movement at the close. Douja Prom Addoha (CSE:ADH) was unchanged at 29.06, registering 0.00% or 0.00 points. Alliances (CSE:ADI) finished at 400.00, unchanged by 0.00% or 0.00 points. Afriquia Gaz (CSE:GAZ) was quoted at 3,900.00 in late trade, also unchanged by 0.00% or 0.00 points.

Notably, the list of session laggards mirrored the session leaders in reported figures: Douja Prom Addoha (CSE:ADH) at 29.06, Alliances (CSE:ADI) at 400.00 and Afriquia Gaz (CSE:GAZ) at 3,900.00 were all recorded as unchanged by 0.00% or 0.00 points in the same late-trade print.

Market breadth was recorded as falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 0 to 0, a figure that reflects no reported net movement between decliners and gainers in the published data.


Commodity markets showed pronounced weakness during the session. Crude oil for May delivery was down 12.20% or 11.98, trading at $86.25 a barrel. Brent oil for June delivery fell 11.81% or 12.57 to $93.84 a barrel. Precious metals also retreated, with the June Gold Futures contract down 1.95% or 89.90 to trade at $4,519.70 a troy ounce.

In foreign exchange markets, the euro declined versus the Moroccan dirham, with EUR/MAD down 0.22% to 10.80. The dollar strengthened slightly against the dirham, with USD/MAD up 0.19% to 9.36. The US Dollar Index Futures was lower by 0.70%, trading at 98.76.

It should be noted that the session commentary available did not specify which sectors led the move in stocks, leaving sector-level attribution unspecified in the reported figures.


The session's data portray a market day in which headline index levels were unchanged while broader commodity weakness was evident, particularly in crude oil and Brent futures and in gold represented by the June contract. Currency pairs versus the dirham showed modest directional moves, and the U.S. dollar index futures eased.

Risks

  • Significant declines in crude and Brent oil prices could exert downward pressure on energy-sector revenues and valuations - sector impact: energy.
  • A sharp drop in gold futures may affect commodity-linked portfolios and investor risk sentiment - sector impact: commodities/precious metals.
  • Incomplete sector-attribution in the session data limits the ability to assess which domestic sectors drove market movements, creating uncertainty for sector-focused analysis - sector impact: all equity sectors.

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