Morocco's stock market ended the session in positive territory on Monday, with the Moroccan All Shares index recording a 0.51% gain at the close in Casablanca. Sector strength was led by Banking, Beverage and Transport names, which helped push the overall index higher.
Top gainers
- Societe des Boissons du Maroc SA (CSE:SBM) was the session's best performer, advancing 6.56% - a rise of 128.00 points - to finish at 2,078.00.
- Marocaine Ste de Therapeutique SA (CSE:SOT) added 5.34%, an increase of 83.00 points, to close at 1,638.00.
- Ste Nationale de Siderurgie SA (CSE:SID) rose 4.44%, or 80.00 points, ending the day at 1,880.00.
Largest decliners
- Miniere Touissit (CSE:CMT) led losses, falling 4.66% - a drop of 148.00 points - to close at 3,030.00.
- Med Paper (CSE:MDP) declined 4.37%, down 1.10 points, to end the session at 24.10.
- Involys (CSE:INV) was down 3.67%, shedding 6.10 points to finish at 159.90.
Market internals were relatively balanced: 27 stocks rose versus 25 that fell on the Casablanca Stock Exchange, while 8 issues finished unchanged.
Commodities and currencies
Energy and precious metals futures moved lower in the session. Crude oil for May delivery fell 2.72%, a decline of 2.63, to trade at $94.21 a barrel. Brent oil for May delivery dropped 1.15%, down 1.19, to $101.95 a barrel. The April Gold Futures contract slipped 1.24%, a fall of 62.61, to trade at $4,999.09 a troy ounce.
On the currency front, EUR/MAD was quoted at 10.78, with an indicated change of 0.04%. USD/MAD declined 0.53% to 9.40. The US Dollar Index Futures was down 0.45%, trading at 99.66.
Outlook
The session closed with a modest advance in the main Moroccan index, supported by gains in specific sectors while energy and gold prices fell. Market breadth was close to even, reflecting a market where leadership was concentrated among a handful of names.