Moroccan equities finished higher at the close on Monday, supported by advances in the banking, beverage and transport sectors. The Moroccan All Shares index closed the session up 0.25% in Casablanca.
Leading the winners on the Moroccan All Shares was Miniere Touissit (CSE:CMT), which climbed 9.98% - a gain of 499.00 points - to finish at 5,499.00. Micro Data SA (CSE:MIC) also advanced, rising 4.67% or 35.00 points to close at 785.00. Managem (CSE:MNG) added 3.98%, gaining 693.00 points to reach 18,098.00 by the close.
On the downside, Cartier Saada (CSE:CRS) recorded the largest loss, sliding 6.27% or 1.94 points to end the session at 29.00. S2M (CSE:S2M) fell 5.49%, a drop of 31.00 points, to close at 534.00. Alliances (CSE:ADI) declined 4.90% or 20.10 points to finish the day at 389.90.
Decliners outnumbered advancers on the Casablanca Stock Exchange, with 31 stocks falling versus 21 that rose; 10 stocks were unchanged.
Two companies reached record highs in the session. Miniere Touissit (CSE:CMT) rose to an all-time high at 5,499.00 after the 9.98% gain. Managem (CSE:MNG) also reached an all-time high of 18,098.00 following its 3.98% increase. Conversely, Alliances (CSE:ADI) moved to a 52-week low after the 4.90% decline to 389.90.
Commodities saw notable moves during the session. Crude oil for July delivery rose 7.80% or $6.81 to settle at $94.17 a barrel. Brent crude for August delivery increased 6.73% or $6.13 to reach $97.25 a barrel. In contrast, the August Gold Futures contract fell 2.20% or $101.10 to trade at $4,491.90 a troy ounce.
Currency indicators showed modest change. The euro against the Moroccan dirham (EUR/MAD) was down 0.09% to 10.70, while the U.S. dollar priced in dirhams (USD/MAD) rose 0.30% to 9.21. The U.S. Dollar Index Futures was trading up 0.40% at 99.25.
Market context and takeaways
The session featured differentiated performance across individual names: several large percentage jumps lifted specific stocks to record highs, while other components dragged lower and produced a larger count of declining issues. Commodity price swings - particularly in oil and gold - were prominent during the trading day and coincided with currency movements in the dirham versus major currencies.
Investors in Moroccan equities experienced a mixed tape: headline index gains were modest, but individual stock volatility delivered pronounced winners and losers across the exchange.