Moroccan equities ended the trading session higher on Wednesday, driven by strength across the Banking, Beverage and Transport sectors. At the Casablanca exchange close, the Moroccan All Shares index had advanced 2.29%.
The session's top performers on the Moroccan All Shares were SMI (CSE:SMI), which jumped 10.00% or 612.00 points to finish at 6,734.00; Miniere Touissit (CSE:CMT), which added 10.00% or 331.00 points to close at 3,642.00; and Managem (CSE:MNG), up 9.99% or 849.00 points to end the day at 9,349.00.
On the losing side, Sanlam Maroc SA (CSE:SAH) fell 2.88% or 80.00 points to trade at 2,700.00 at the close. S2M (CSE:S2M) declined 2.73% or 15.00 points to finish at 535.00, while Micro Data SA (CSE:MIC) slipped 2.56% or 20.00 points to 760.00.
Market breadth favored advancers, with 41 stocks rising versus 17 decliners on the Casablanca Stock Exchange; 4 issues ended unchanged.
Shares of Managem (CSE:MNG) reached a new record level during the session, closing at an all-time high of 9,349.00 after gaining 9.99% or 849.00 points.
Commodity markets showed mixed movement during the same period. Crude oil for May delivery fell 2.23% or 2.26 to $99.12 a barrel, while Brent for June delivery dropped 2.39% or 2.49 to $101.48 a barrel. Precious metals moved in the opposite direction, with the June Gold Futures contract rising 2.62% or 122.55 to trade at $4,801.15 a troy ounce.
Currency pairs involving the Moroccan dirham also shifted: EUR/MAD rose 0.76% to 10.84, and USD/MAD decreased 0.24% to 9.31. Outside those pairs, the US Dollar Index Futures was down 0.58% at 99.18.
This session’s activity reflected concentrated gains in several large-cap names and notable commodity and currency moves that accompanied the stock market advance.