Moroccan equities finished the trading day in negative territory on Tuesday, with the Moroccan All Shares index ending the session down 0.98% in Casablanca. Sector weakness in Utilities, Banking and Mining was the primary force behind the market decline.
Among individual names, Disty Technologies SA (CSE:DYT) recorded the largest gain on the Moroccan All Shares, advancing 9.15% or 28.50 points to close at 340.00. IB Maroc Com SA (CSE:IBC) also posted a strong performance, rising 8.43% or 4.90 points to finish at 63.00. Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) rounded out the session's top performers with a 3.50% increase, up 21.00 points to 621.00 at the close.
On the downside, M2M Group (CSE:M2M) led declines, slipping 6.50% or 28.80 points to end the session at 414.20. Nationale d’Electrolyse et de Petrochimie Ste SA (CSE:SNP) fell 5.47% or 22.00 points to close at 380.00, and Miniere Touissit (CSE:CMT) dropped 5.40% or 189.00 points to finish at 3,311.00.
Market breadth was decidedly negative on the Casablanca Stock Exchange, with 41 stocks falling versus 14 advancing and 5 remaining unchanged.
Notably, shares of Nationale d’Electrolyse et de Petrochimie Ste SA (CSE:SNP) moved to five-year lows, declining 5.47% or 22.00 points to 380.00.
Commodities trading showed upward moves across energy and precious metals. Crude oil for May delivery climbed 1.48% or 1.52 to settle at $104.40 a barrel. Brent crude for June delivery rose 0.36% or 0.39 to $107.78 a barrel. The June Gold Futures contract advanced 1.91% or 87.25 to trade at $4,644.75 a troy ounce.
In foreign exchange activity, EUR/MAD declined 0.28% to 10.75, while USD/MAD decreased 0.16% to 9.36. The US Dollar Index Futures was down 0.40% at 99.95.
Implications for sectors - The session's results directly affected Utilities, Banking and Mining equities on the Casablanca bourse. Mining names, in particular, were among the notable decliners, while select banking and distribution stocks produced gains.
This note summarizes market moves and price changes recorded at the close in Casablanca and related commodity and FX movements for the same trading period.