Casablanca - Moroccan equities finished the trading session lower on Tuesday, with sector declines led by Utilities, Banking and Mining leaving the Moroccan All Shares index 1.79% weaker at the close.
The session's top performers included LafargeHolcim Maroc (CSE:LHM), which advanced 1.88% or 34.00 points to finish at 1,840.00. Wafa Assurance (CSE:WAA) also moved higher, adding 1.27% or 75.00 points to close at 5,975.00, and Atlanta (CSE:ATL) rose 1.24% or 1.60 points to end the day at 131.00.
Not all names fared well. Stokvis Nord Afrique (CSE:SNA) led decliners, losing 7.70% or 6.20 points to settle at 74.30. SMI (CSE:SMI) fell 6.80% or 646.00 points to close at 8,850.00, while S2M (CSE:S2M) declined 6.37% or 34.00 points to end at 500.00.
Market breadth was tilted to the downside on the Casablanca Stock Exchange, where 45 stocks fell, 10 advanced and 7 were unchanged at the close.
Two notable price extremes occurred during the session. Shares of Wafa Assurance reached an all-time high, closing up 1.27% at 5,975.00. Conversely, S2M ended the session at a 52-week low after the 6.37% drop to 500.00.
Commodities trading provided a mixed backdrop to the equity moves. Crude oil for July delivery slipped 0.66% or $0.61 to $91.55 a barrel. Brent crude for August delivery declined 0.40% or $0.38 to $94.60 a barrel, while the August Gold Futures contract gained 0.67% or $30.05 to trade at $4,536.35 a troy ounce.
Foreign exchange rates showed small moves against the Moroccan dirham. The euro-to-dirham rate (EUR/MAD) fell 0.11% to 10.69, and the US dollar-to-dirham rate (USD/MAD) decreased 0.16% to 9.18. Separately, US Dollar Index Futures were reported down 0.06% at 99.08.
The session data highlights a market where sector-level weakness outweighed gains in individual stocks, producing a clear net decline in the All Shares index by the close.
Market snapshot
- Moroccan All Shares -1.79% at close
- Top gainers: LHM +1.88%, WAA +1.27%, ATL +1.24%
- Largest decliners: SNA -7.70%, SMI -6.80%, S2M -6.37%