Moroccan equities ended the trading day higher on Thursday as gains in the Banking, Beverage and Transport industries helped lift the market. At the close in Casablanca, the Moroccan All Shares index was up 0.98%.
The top performers on the Moroccan All Shares were Miniere Touissit (CSE:CMT), which climbed 7.14% or 325.00 points to finish at 4,880.00. SMI (CSE:SMI) added 6.62% or 407.00 points to close at 6,556.00, and Managem (CSE:MNG) rose 4.23% or 552.00 points to end the session at 13,612.00.
On the downside, Lesieur Cristal (CSE:LES) fell 5.36% or 19.85 points to 350.15 at the close. Afric Industries Sa (CSE:AFI) retreated 4.44% or 15.00 points to close at 323.00, and Cartier Saada (CSE:CRS) dropped 3.55% or 1.01 points to trade at 27.48 by the end of the session.
Market breadth on the Casablanca Stock Exchange was slightly positive, with rising issues outnumbering decliners by 28 to 25, and 8 stocks ending unchanged.
Commodities showed mixed moves during the session. Crude oil for August delivery declined 1.57% or 1.08 to settle at $67.50 a barrel. Brent oil for September delivery fell 1.40% or 1.00 to $70.57 a barrel. Precious metals were firmer, with the August Gold Futures contract increasing 1.28% or 52.07 to trade at $4,134.47 a troy ounce.
Foreign exchange rates versus the Moroccan dirham moved modestly. EUR/MAD eased 0.12% to 10.69, while USD/MAD declined 0.45% to 9.37. The US Dollar Index Futures was lower, down 0.65% at 100.50.
Key points
- Moroccan All Shares advanced 0.98% at the close in Casablanca.
- Miniere Touissit (CSE:CMT), SMI (CSE:SMI) and Managem (CSE:MNG) were the largest gainers by percentage and points.
- Lesieur Cristal (CSE:LES), Afric Industries Sa (CSE:AFI) and Cartier Saada (CSE:CRS) registered the biggest declines.
Risks and uncertainties
- Commodity price movements - crude and Brent oil were lower, which may influence energy-linked sectors and broader market sentiment.
- Currency fluctuation - modest moves in EUR/MAD and USD/MAD could affect firms with foreign currency exposures.
- Market breadth - the relatively narrow margin between advancing and declining issues (28 up, 25 down) suggests limited participation despite the index gain.
This report reflects the closing prices, percentage changes and other market data recorded at the end of trading on Thursday in Casablanca. No additional forecasts or commentary beyond the recorded figures are included.