Moroccan equities ended the session in Casablanca under pressure on Thursday as the Moroccan All Shares index fell 1.78% to register a new 1-month low. The decline was led by moves in the Utilities, Banking and Mining sectors, which weighed heavily on overall market performance.
Market internals signaled broad selling: 52 stocks closed lower on the Casablanca Stock Exchange, eight advanced and three finished unchanged.
Top gainers
- Wafa Assurance (CSE:WAA) rose 3.86%, adding 189.00 points to close at 5,089.00.
- CTM (CSE:CTM) gained 3.82%, up 33.00 points to finish at 898.00.
- Lesieur Cristal (CSE:LES) advanced 2.21%, or 7.50 points, to close at 347.50.
Largest decliners
- SMI (CSE:SMI) dropped 9.98%, losing 619.00 points to end the session at 5,581.00.
- Miniere Touissit (CSE:CMT) fell 9.92%, down 238.00 points to close at 2,162.00.
- Managem (CSE:MNG) declined 7.45%, or 600.00 points, to finish at 7,450.00.
Outside equities, major commodity contracts moved lower during the session. Crude oil for March delivery slipped 2.52%, or $1.64, to $63.50 a barrel. Brent oil for April delivery fell 2.42%, or $1.68, to $67.78 a barrel. In precious metals, the April Gold Futures contract fell 1.54%, down $76.05 to trade at $4,874.75 a troy ounce.
Currency pairs involving the Moroccan dirham were relatively stable. EUR/MAD was effectively unchanged, moving 0.02% to 10.82, while USD/MAD climbed 0.16% to 9.18. The US Dollar Index Futures rose 0.11% to 97.60 during the session.
Overall, the market closed with a clear tilt toward declines, driven by sector-level pressure in utilities, banking and mining, while a handful of insurance and consumer-related stocks outperformed.