Casablanca-listed stocks ended the trading session higher on Tuesday, with sector gains in Banking, Beverage and Transport contributing to a positive close. At the market close, the Moroccan All Shares index recorded a 0.63% increase.
Among individual issues, Sanlam Maroc SA (CSE:SAH) was the top performer on the Moroccan All Shares, advancing 6.55% - a gain of 190.00 points - to finish at 3,090.00. Managem (CSE:MNG) and Cartier Saada (CSE:CRS) also posted notable increases. Managem rose 2.99% or 400.00 points to end the session at 13,800.00, while Cartier Saada climbed 2.99% or 0.92 points to close at 31.70.
On the downside, Disty Technologies SA (CSE:DYT) led decliners, slipping 2.44% or 9.00 points to a closing price of 360.00. Risma (CSE:RIS) fell 2.12% or 7.50 points to finish at 345.50, and Miniere Touissit (CSE:CMT) was down 1.84% or 90.00 points to close at 4,800.00.
Overall market breadth at the Casablanca Stock Exchange favored advancers. Rising issues outnumbered falling ones by 36 to 20, and three stocks finished unchanged.
Commodities and currency moves accompanying the session were mixed. Crude oil for June delivery rose 1.36% - an increase of 1.19 - to trade at $88.61 per barrel. Brent oil for June delivery advanced 1.26% or 1.20 to $96.68 a barrel. By contrast, the June Gold Futures contract declined 1.45% or 70.09 to trade at $4,758.71 a troy ounce.
In currency trading, EUR/MAD was effectively unchanged, moving 0.02% to 10.87, while USD/MAD increased 0.18% to 9.24. The US Dollar Index Futures was also higher, up 0.18% at 98.09.
This session’s outcome reflects a modestly positive close for Moroccan equities with a small number of individual gainers and decliners shaping the day’s headlines. Market participants may note the concurrent movements in oil, gold and currency pairs that accompanied the equities action.