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Stock Markets February 27, 2026

Casablanca market closes lower as Moroccan All Shares slips 1.25%

Utilities, banking and mining sectors weigh on market; select miners and industrials post mixed moves

By Priya Menon CMT SNA
Casablanca market closes lower as Moroccan All Shares slips 1.25%
CMT SNA

Morocco's main equities gauge finished Friday in negative territory, with the Moroccan All Shares index falling 1.25% at the close in Casablanca. Losses were concentrated in the Utilities, Banking and Mining sectors even as a handful of miners and related companies recorded notable gains. Market breadth favored decliners, and commodity and currency movements showed upward pressure on oil and gold while the euro edged marginally lower against the dirham.

Key Points

  • Moroccan All Shares index fell 1.25% at the close in Casablanca.
  • Sector declines were led by Utilities, Banking and Mining, while SMI, Managem and Miniere Touissit were the session's top gainers.
  • Market breadth showed 41 decliners, 17 advancers and 3 unchanged; crude, Brent and gold prices rose, and EUR/MAD and USD/MAD moved modestly.

Moroccan equities ended the trading day lower on Friday, with declines across several major sectors driving the benchmark down. At the close in Casablanca, the Moroccan All Shares index was down 1.25%.

Sector-level weakness was led by Utilities, Banking and Mining, which together accounted for much of the downward pressure on the index. Broad market participation tilted toward falling stocks, with 41 issues closing lower, 17 advancing and 3 unchanged on the Casablanca Stock Exchange.

Certain individual issues bucked the broader decline. SMI (CSE:SMI) finished the session as the top performer on the Moroccan All Shares, jumping 9.98% - an increase of 634.00 points - to close at 6,984.00. Managem (CSE:MNG) also registered a strong gain, rising 7.32% or 580.00 points to finish at 8,500.00. Miniere Touissit (CSE:CMT) advanced 5.26% - 179.00 points - to end the day at 3,579.00.

At the other end of the ledger, several stocks suffered steep drops. Stokvis Nord Afrique (CSE:SNA) fell 8.72% - a decrease of 7.50 points - to close at 78.50. Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR) declined 7.94% or 16.90 points to finish at 196.00, while Societe d’Exploitation des Ports SA (CSE:MSA) lost 5.47% - 48.00 points - to end at 830.00.

Commodity markets showed notable moves during the session. Crude oil for April delivery rose 2.48%, an increase of $1.62, to trade at $66.83 a barrel. Brent oil for May delivery climbed 2.50% or $1.77 to $72.61 a barrel. Precious metals also moved higher, with the April Gold Futures contract up 1.32% or $68.36 to trade at $5,262.56 a troy ounce.

Currency markets reflected modest shifts against the Moroccan dirham. The euro weakened 0.08% to 10.81 EUR/MAD, while the dollar strengthened 0.13% to 9.17 USD/MAD. In U.S. markets, the US Dollar Index Futures was quoted down 0.13% at 97.61.

Key data from the close underline a session where select stocks outperformed even as the overall market moved lower, and where oil and gold registered gains alongside modest currency fluctuations.

Risks

  • Commodity price movements are visible in the session - crude, Brent and gold all rose - creating uncertainty for commodity-sensitive sectors such as Mining.
  • Currency fluctuations versus the Moroccan dirham were recorded, with EUR/MAD down and USD/MAD up, introducing exchange-rate variability for internationally exposed companies.
  • Market breadth skewed toward decliners (41 falling vs 17 advancing) signals continued downside pressure in the short term for sectors already underperforming, including Utilities and Banking.

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