Stock Markets March 26, 2026

Casablanca stocks retreat as Utilities, Banking and Mining weigh; All Shares down 0.84%

Market breadth tilted to declines as select names posted sizable gains while major sectors led losses

By Ajmal Hussain CMT HPS INV
Casablanca stocks retreat as Utilities, Banking and Mining weigh; All Shares down 0.84%
CMT HPS INV

Moroccan equities closed lower on Thursday, with the Moroccan All Shares index falling 0.84%. Sector weakness in Utilities, Banking and Mining pressured the market, even as a few stocks posted double-digit percentage gains. Broader market breadth favored decliners, and moves in oil, gold and currency markets accompanied the session.

Key Points

  • Moroccan All Shares index closed down 0.84% at the Casablanca close.
  • Sector pressure came from Utilities, Banking and Mining, driving broad-market declines.
  • Top gainers included SBM, CMT and HPS; leading decliners were INV, TMA and IBC.

Moroccan shares ended Thursday's session in negative territory, with the Moroccan All Shares index finishing down 0.84% at the Casablanca close. Losses were concentrated in the Utilities, Banking and Mining sectors, which collectively weighed on overall market performance.

The session produced a handful of notable winners despite the negative tone. Societe des Boissons du Maroc SA (CSE:SBM) led gains, advancing 9.63% or 195.00 points to close at 2,220.00. Miniere Touissit (CSE:CMT) added 8.06% or 261.00 points to finish at 3,500.00, while Hps (CSE:HPS) rose 6.86% or 35.00 points to end the day at 545.00.

On the downside, Involys (CSE:INV) registered the largest decline among active names, slipping 9.97% or 15.65 points to close at 141.35. Total Maroc SA (CSE:TMA) retreated 5.30% or 84.00 points to 1,500.00, and IB Maroc Com SA (CSE:IBC) fell 4.64% or 2.97 points to 61.02.

  • Best performers: Societe des Boissons du Maroc SA (CSE:SBM) +9.63% to 2,220.00; Miniere Touissit (CSE:CMT) +8.06% to 3,500.00; Hps (CSE:HPS) +6.86% to 545.00.
  • Worst performers: Involys (CSE:INV) -9.97% to 141.35; Total Maroc SA (CSE:TMA) -5.30% to 1,500.00; IB Maroc Com SA (CSE:IBC) -4.64% to 61.02.

Market breadth at the Casablanca Stock Exchange favored decliners: falling stocks outnumbered advancing ones by 41 to 15, while 2 issues finished unchanged. Total Maroc SA (CSE:TMA) moved to a 52-week low in the session, closing at 1,500.00 after a 5.30% drop.

Commodities trading featured sharp moves. Crude oil for May delivery was up 4.33% or 3.91, trading at $94.23 a barrel. Brent oil for June delivery rose 4.58% or 4.45 to $101.71 a barrel. Precious metals experienced the opposite direction: the June Gold Futures contract fell 2.21% or 101.40, settling at $4,484.10 a troy ounce.

Currency pairs relevant to the Moroccan dirham moved modestly. EUR/MAD declined 0.52% to 10.76, while USD/MAD rose 0.12% to 9.34. The US Dollar Index Futures ticked up 0.18% to 99.58.

The trading day underlined a market where sector-level weakness in Utilities, Banking and Mining outweighed isolated stock-level gains, and where commodity and currency shifts accompanied equity moves.

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Risks

  • Sector concentration risk - weakness in Utilities, Banking and Mining could continue to depress market performance.
  • Commodity price volatility - sharp moves in crude and Brent oil may influence market sentiment and sector returns, particularly for energy-linked and mining firms.
  • Currency fluctuations - movements in EUR/MAD and USD/MAD and the US Dollar Index Futures introduce FX-related uncertainty for companies and investors operating in Morocco.

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