Morocco's stock market finished the session lower on Monday, with the Moroccan All Shares index retreating 0.54% at the close in Casablanca. Selling activity in the Utilities, Banking and Mining sectors was the primary driver of the downward move.
Among individual stocks, Managem (CSE:MNG) led the gainers, jumping 10.00% - an advance of 1,193.00 points - to end the day at 13,127.00. Sanlam Maroc SA (CSE:SAH) added 5.86% or 160.00 points to finish at 2,890.00, while SMI (CSE:SMI) rose 4.38% or 361.00 points to close at 8,601.00.
On the downside, Hps (CSE:HPS) was the session's weakest performer, sliding 4.37% or 23.80 points to trade at 521.20 at the close. Jet Contractors (CSE:JET) fell 4.30% or 98.00 points to finish at 2,180.00, and Stokvis Nord Afrique (CSE:SNA) declined 4.17% or 3.00 points to end at 69.00.
Decliners outpaced advancers on the Casablanca Stock Exchange, with 41 stocks falling and 11 advancing; 7 issues finished unchanged.
Two names in the top performers list reached record levels during the session. Shares of Managem (CSE:MNG) advanced to all-time highs, rising 10.00% or 1,193.00 to 13,127.00. SMI (CSE:SMI) also recorded an all-time high, climbing 4.38% or 361.00 to 8,601.00.
Commodities trading featured notable moves: crude oil for May delivery increased 5.95% or 5.75 to $102.32 a barrel. Brent oil for June delivery rose 5.92% or 5.64 to $100.84 a barrel. In precious metals, the June Gold Futures contract fell 1.26% or 60.53 to trade at $4,726.87 a troy ounce.
Foreign-exchange rates showed modest movement against the dirham. EUR/MAD fell 0.13% to 10.86, while USD/MAD climbed 0.20% to 9.30. The US Dollar Index Futures was up 0.14% at 98.57.
The session left a mixed picture: headline index weakness driven by sector declines, offset in part by individual stocks making significant gains and setting new highs. Market breadth favored sellers, while commodities and currency action highlighted external price pressures observable during the trading day.