Moroccan equities finished the trading day higher on Thursday, with the Moroccan All Shares index rising 1.52% at the close in Casablanca. Sector strength in Banking, Beverage and Transport provided the principal upward momentum for the market.
The session's strongest performers on the Moroccan All Shares included Miniere Touissit (CSE:CMT), which led gains by adding 9.97% - a rise of 261.00 points - to finish at 2,878.00. Colorado (CSE:COL) climbed 6.55%, or 5.50 points, to close at 89.50, and Fenie Brossette (CSE:FBR) increased 5.69%, or 20.95 points, to end the day at 389.00.
At the other end of the tape, Hps (CSE:HPS) was the weakest performer, sliding 1.70% - down 9.00 points - to close at 520.00. Total Maroc SA (CSE:TMA) fell 1.22%, a decline of 20.00 points, to 1,620.00, while Label Vie (CSE:LBV) dropped 1.05%, or 45.00 points, to finish at 4,250.00.
On the Casablanca Stock Exchange, advancing issues outnumbered losers by a margin of 38 to 16, and six stocks ended the session unchanged. The breadth suggests selective buying across sectors rather than a uniformly broad advance.
Commodities trading showed modest downward pressure during the session. Crude oil for March delivery decreased 0.97%, losing 0.63 to settle at $64.00 per barrel. Brent oil for April delivery was down 0.94%, or 0.65, to $68.75 a barrel. April Gold Futures fell 0.35%, slipping 17.96 to trade at 5,080.54 per troy ounce.
Foreign exchange rates involving the Moroccan dirham were effectively flat in the session. The euro to dirham rate (EUR/MAD) was unchanged at 10.85, while the U.S. dollar to dirham rate (USD/MAD) was effectively unchanged, moving 0.02% to 9.13. The U.S. Dollar Index Futures edged down 0.02% to 96.70.
Market context - The session shows concentration of gains in specific sectors that drove the index higher, with a small group of stocks contributing most of the upside. Commodity prices and FX pairs registered only modest moves, leaving broader macro signals limited based on the available data.
Note - The report reflects market levels and moves recorded at the close in Casablanca for the specified instruments and contracts.