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Stock Markets March 4, 2026

Casablanca Market Closes Higher as Banking, Beverage and Transport Stocks Lead Gains

Moroccan All Shares advances 1.56% with broad participation despite sharp declines in select blue chips

By Nina Shah
Casablanca Market Closes Higher as Banking, Beverage and Transport Stocks Lead Gains

The Moroccan All Shares index finished the session up 1.56% in Casablanca, driven by advances in the Banking, Beverage and Transport sectors. Winners outpaced losers by a wide margin, though several individual stocks experienced steep losses, including one that dropped to a five-year low. Commodity and currency moves were mixed, with oil easing, gold rising, and minor shifts in EUR/MAD and USD/MAD.

Key Points

  • Moroccan All Shares rose 1.56% at the close in Casablanca, led by gains in Banking, Beverage and Transport sectors.
  • Top individual gainers included Stokvis Nord Afrique (CSE:SNA), Med Paper (CSE:MDP) and Auto Hall (CSE:ATH); major decliners included Lesieur Cristal (CSE:LES), Compagnie Sucrerie Marocaine et de Raffinage SA (CSE:CSR) and Disway SA (CSE:DWY).
  • Market breadth was positive with 51 advancers, 4 decliners and 7 unchanged; commodities and currency markets showed mixed moves, with oil lower and gold higher.

Moroccan equities closed stronger on Wednesday, with sector gains in Banking, Beverage and Transport lifting the broader market. At the close in Casablanca, the Moroccan All Shares index recorded a 1.56% gain.

The session saw a number of pronounced movers. Leading the gainers was Stokvis Nord Afrique (CSE:SNA), which climbed 9.98% - a rise of 6.35 points - to finish at 69.95. Med Paper (CSE:MDP) added 9.95%, up 2.14 points to 23.64, while Auto Hall (CSE:ATH) advanced 9.87% or 7.40 points to close at 82.40.

On the other side of the tape, Lesieur Cristal (CSE:LES) registered the largest drop, falling 9.99% or 32.40 points to end the session at 291.80. Compagnie Sucrerie Marocaine et de Raffinage SA (CSE:CSR) declined 9.97%, down 16.65 points to 150.35, and Disway SA (CSE:DWY) slipped 2.98% or 25.90 points to 844.00.

Market breadth favored advancers by a wide margin: rising issues outnumbered decliners on the Casablanca Stock Exchange by 51 to 4, while 7 stocks finished unchanged.

Notably, shares of Compagnie Sucrerie Marocaine et de Raffinage SA moved to a five-year low in the session, declining 9.97% or 16.65 points to 150.35.

In commodities, crude oil for April delivery was down 0.50% or 0.37 to $74.19 a barrel. Brent oil for May delivery fell 0.42% or 0.34 to $81.06 a barrel. Precious metals provided a counterpoint as the April Gold Futures contract rose 0.69% or 35.15 to trade at 5,158.85 a troy ounce.

Foreign exchange trading showed modest movement in local pairs. EUR/MAD was up 0.05% at 10.80, while USD/MAD was reported unchanged 0.03% to 9.29. On broader currency markets, the US Dollar Index Futures was down 0.25% at 98.76.

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Risks

  • Significant single-stock declines - several names fell sharply, including one that hit a five-year low, underscoring company-specific downside risk in the consumer and food sectors.
  • Commodity price volatility - declines in crude and Brent could affect energy-linked firms and broader market sentiment.
  • Currency fluctuations - even small moves in EUR/MAD and USD/MAD, along with a softer US Dollar Index Futures reading, introduce exchange-rate risk for companies with foreign currency exposure.

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