Moroccan equities moved higher after the close in Casablanca on Tuesday, with sector-level advances in Banking, Beverage and Transport supporting the market. The Moroccan All Shares index finished the session up 2.23%.
Leading the winners on the Moroccan All Shares were SMI (CSE:SMI), which jumped 9.21% or 555.00 points to close at 6,580.00. M2M Group (CSE:M2M) added 9.05% or 35.95 points to finish at 433.00, and Residences Dar Saada SA (CSE:RDS) rose 7.24% or 9.70 points to end the day at 143.70.
On the downside, Med Paper (CSE:MDP) was the biggest decliner, slipping 3.06% or 0.76 points to close at 24.04. Total Maroc SA (CSE:TMA) fell 2.74% or 44.00 points to end at 1,560.00, while Delta Holding S.A (CSE:DHO) declined 2.65% or 1.50 points to 55.00.
Market breadth favored advancers on the Casablanca Stock Exchange, with 42 stocks rising versus 13 declining, and 5 finishing unchanged.
Commodities and currencies
Energy markets recorded pronounced weakness during the session. Crude oil for April delivery fell 9.70% or 9.19 to settle at $85.58 a barrel. Brent for May delivery dropped 9.50% or 9.40 to $89.56 a barrel.
Precious metals diverged from oil, with the April Gold Futures contract advancing 2.59% or 132.21 to trade at $5,235.91 per troy ounce.
Foreign exchange moves were modest. EUR/MAD was reported at 10.85, unchanged by 0.04%, while USD/MAD eased 0.19% to 9.34. The US Dollar Index Futures declined 0.51% to 98.67.
Overall, the session saw participation across multiple sectors with notable midcap strength among the session leaders. The market's advance coincided with marked weakness in crude oil prices and a rally in gold futures, while currency moves remained limited.