Casablanca's equity market finished the session lower on Monday, with the Moroccan All Shares index sliding 4.21% to close at a new six-month low. The downturn was driven primarily by weakness in the Utilities, Banking and Mining sectors, which collectively pushed more stocks into negative territory.
Market breadth was decisively skewed toward decliners. On the Casablanca Stock Exchange, falling issues outnumbered rising ones by 56 to 5, while 2 stocks finished unchanged.
Among the day's best performers, SMI (CSE:SMI) led gains, rising 7.37% or 515.00 points to close at 7,499.00. The stock reached an all-time high during the session. Miniere Touissit (CSE:CMT) also advanced, adding 3.74% or 134.00 points to finish at 3,713.00, another name that marked an all-time high. Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) climbed 3.33% or 20.00 points to end at 620.00 in late trade.
On the downside, Alliances (CSE:ADI) recorded the steepest drop, falling 9.99% or 48.85 points to close at 440.15; the share price moved to a 52-week low. Auto Hall (CSE:ATH) declined 9.99% or 8.99 points to finish at 81.01, and Fenie Brossette (CSE:FBR) was down 9.99% or 34.45 points to 310.55.
Commodities trading showed notable moves that accompanied the equity weakness. Crude oil for April delivery jumped 5.77% or 3.87 to settle at $70.89 a barrel. Brent oil for May delivery rose 6.78% or 4.94 to $77.81 a barrel. The April Gold Futures contract gained 1.06% or 55.46, trading at $5,303.36 a troy ounce.
Foreign-exchange quotes were mixed. The euro against the Moroccan dirham was essentially flat, moving 0.01% to 10.81 EUR/MAD, while the dollar strengthened against the dirham, with USD/MAD up 1.00% to 9.24. The US Dollar Index Futures rose 1.14% to 98.68.
The trading session’s contrast - a market-wide pullback alongside a handful of sharp winners and losers - underscores the uneven nature of demand across sectors. Utilities, banking and mining pressures coincided with significant commodity price moves, and currency shifts added another layer of market dynamics during the day.