Moroccan equities finished lower on Friday, with the Moroccan All Shares index ending the session down 0.39% at the close in Casablanca. Market pressure came primarily from sectors including Utilities, Banking and Mining, which collectively contributed to the day’s losses.
The session's strongest performers on the Moroccan All Shares included Miniere Touissit (CSE:CMT), which climbed 6.32% - a 182.00-point increase - to finish at 3,060.00, reaching an all-time high. IB Maroc Com SA (CSE:IBC) gained 4.17%, adding 2.75 points to close at 68.75, while Alliances (CSE:ADI) rose 3.31%, or 16.50 points, to end the day at 515.00.
On the downside, Douja Prom Addoha (CSE:ADH) led decliners, slipping 7.24% - a loss of 2.20 points - to close at 28.20, a move that took the stock to a 52-week low. Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR) fell 3.98%, down 9.00 points to 217.00, and CDM (CSE:CDM) dropped 3.39%, losing 39.00 points to settle at 1,110.00.
Breadth on the Casablanca Stock Exchange tilted negative: 35 stocks declined versus 20 advancers, and 6 issues finished unchanged. These counts reflect a broader market where more names posted losses than gains by the close.
Market breadth and notable extremes
- Miniere Touissit (CSE:CMT) set an all-time high at 3,060.00 after a 6.32% rise.
- Douja Prom Addoha (CSE:ADH) dropped to a 52-week low at 28.20 following a 7.24% decline.
Commodities and foreign-exchange measures were little changed during the session. Crude oil for March delivery was down 0.06% - a fall of 0.04 - to $62.80 a barrel. Brent oil for April delivery rose 0.13%, or $0.09, to $67.61 a barrel. The April Gold Futures contract increased 1.68%, up 83.19, to trade at $5,031.59 a troy ounce.
In currency markets, EUR/MAD moved down 0.08% to 10.84, while USD/MAD was effectively unchanged, registering a 0.02% move to 9.15. The US Dollar Index Futures edged down 0.01% to 96.83.
Implications for investors
The modest index decline and the distribution of winners and losers suggest selective sector pressure rather than a broad market contraction. Mining names showed divergent outcomes, with Miniere Touissit gaining materially while other resource-related names declined; banking and utilities were cited among the sectors exerting downward pressure on the index. Investors tracking individual company performance or sector-specific exposures should weigh these intra-market differences when assessing positions.