Market close overview
Moroccan equities finished the session higher on Friday as advances in the Banking, Beverage and Transport sectors helped lift the broader market. At the close in Casablanca, the Moroccan All Shares rose 2.66% to reach a new three-month high.
Top and bottom performers
The session s top-performing issues on the Moroccan All Shares included Stokvis Nord Afrique (CSE:SNA), which gained 9.94% or 8.10 points to finish at 89.60. Hps (CSE:HPS) climbed 9.61% or 57.00 points to close at 650.00, while Ste Nationale de Siderurgie SA (CSE:SID) advanced 8.37% or 170.00 points to end the day at 2,200.00.
On the downside, Sanlam Maroc SA (CSE:SAH) fell 2.77% or 87.00 points to 3,050.00 at the close. Managem (CSE:MNG) declined 1.63% or 220.00 points to finish at 13,300.00, and Ennakl Automobiles (CSE:NKL) slipped 1.50% or 0.84 points to end at 55.15.
Overall market breadth was strongly positive on the Casablanca Stock Exchange, with rising issues outnumbering decliners by 57 to 4.
Notable milestones
Shares of Hps (CSE:HPS) moved to 52-week highs on the day, gaining 9.61% or 57.00 to reach 650.00.
Commodities and precious metals
Energy markets posted sharp declines in the session. Crude oil for May delivery fell 13.18% or 12.48 to $82.21 a barrel. Brent oil for June delivery dropped 11.62% or 11.55 to $87.84 a barrel. In precious metals, the June Gold Futures contract rose 1.82% or 87.36 to trade at $4,895.66 a troy ounce.
FX and dollar index
Currency moves were limited but notable. EUR/MAD was essentially unchanged, edging 0.03% to 10.88, while USD/MAD fell 0.15% to 9.22. The US Dollar Index Futures declined 0.41% to 97.63.
Summary
The Casablanca market closed with broad gains led by sectors including Banking, Beverage and Transport, sending the Moroccan All Shares up 2.66% to a three-month high. A small group of stocks recorded the largest moves in both directions, and commodities showed divergent moves with oil falling sharply and gold rising.