Stock Markets March 11, 2026

Casablanca market closes higher as banking, beverage and transport shares lead gains

Moroccan All Shares rises 1.51% as select industrial and consumer names post double-digit gains; oil jumps while gold retreats

By Priya Menon CMA CMT
Casablanca market closes higher as banking, beverage and transport shares lead gains
CMA CMT

Summary: Moroccan equities finished higher on Wednesday, with the Moroccan All Shares index up 1.51% at the close in Casablanca. Gains were led by stocks in the Banking, Beverage and Transport sectors, while commodity moves included a sharp rise in oil prices and a pullback in gold futures. Market breadth favored advancers over decliners.

Key Points

  • Moroccan All Shares rose 1.51% at the close in Casablanca, with Banking, Beverage and Transport sectors leading gains.
  • Top session performers included LafargeHolcim Maroc (LHM) up 9.94%, Societe des Boissons du Maroc SA (SBM) up 9.45%, and Ciments Du Maroc (CMA) up 9.31%.
  • Commodity moves were significant: April crude oil rose to $88.44 a barrel and Brent May reached $93.04, while April Gold Futures fell to $5,172.85 a troy ounce; currency FX showed EUR/MAD essentially unchanged and USD/MAD up 0.43%.

Moroccan equities ended Wednesday's trading session on an upward note, driven by advances among banking, beverage and transport companies. At the close in Casablanca, the Moroccan All Shares added 1.51%.

The top performers on the Moroccan All Shares were led by LafargeHolcim Maroc (CSE:LHM), which climbed 9.94% or 159.00 points to finish at 1,759.00 at the close. Societe des Boissons du Maroc SA (CSE:SBM) posted a 9.45% gain, rising 188.00 points to close at 2,178.00. Ciments Du Maroc (CSE:CMA) also registered a strong advance, up 9.31% or 149.00 points to 1,749.00 in late trade.

On the downside, Miniere Touissit (CSE:CMT) recorded the steepest fall among the index constituents, down 4.21% or 145.00 points to trade at 3,300.00 at the close. Fenie Brossette (CSE:FBR) declined 3.28% or 10.50 points to end at 310.00, and Ste de Travaux de Realisation dOuvrages et de Constuction Industielle SA (CSE:STR) slipped 2.94% or 5.00 points to 165.00.

Market breadth on the Casablanca Stock Exchange favored advancing issues, with 39 stocks rising, 17 falling and 3 ending unchanged.

Commodities showed mixed moves during the session. Crude oil for April delivery jumped 5.98% or 4.99 to settle at $88.44 a barrel. Brent oil for May delivery rose 5.97% or 5.24, reaching $93.04 a barrel. In contrast, the April Gold Futures contract fell 1.32% or 69.25 to trade at $5,172.85 a troy ounce.

Currency pairs relevant to the Moroccan market showed small changes. EUR/MAD was effectively unchanged, moving 0.02% to 10.86, while USD/MAD rose 0.43% to 9.37. The US Dollar Index Futures advanced 0.48% to 99.29.

What are the best investment opportunities in 2026? The best investments start with better data. Going with your gut has its place, but when excitement masquerades as intuition, it can lead to costly mistakes - or analysis paralysis. InvestingPro+ combines institutional-grade data with AI-powered insights that you don't need a finance PhD to understand. It won't guarantee winners, but it will certainly help you find more of them, more often. So what are the best investments of 2026 so far? Ask WarrenAI, then decide.

Risks

  • Price swings in energy markets were evident during the session, with crude oil and Brent rising sharply - a source of market uncertainty for energy-exposed sectors.
  • Individual stock declines persisted for certain names, such as Miniere Touissit (CMT) falling 4.21%, indicating idiosyncratic downside risk for specific issuers.
  • Currency movements, including a 0.43% rise in USD/MAD, represent an exchange-rate factor that can affect import-dependent sectors and FX-exposed balance sheets.

More from Stock Markets

Chubb Named Lead U.S. Insurer for $20 Billion Reinsurance Plan to Restart Gulf Shipping Mar 11, 2026 Stocks See Wide Swings; Oracle, Micron Lead Gains While Philip Morris Lags Mar 11, 2026 Building Permits and Jobless Claims Take Center Stage on Thursday Data Calendar Mar 11, 2026 Private-equity suitor offers $1.5 billion to take Papa John’s private; board reviews proposal Mar 11, 2026 Jefferies Names Top Copper Miners Poised to Benefit if Geopolitical Tensions Ease Mar 11, 2026