Moroccan equities ended the trading day in Casablanca under pressure on Monday, with the Moroccan All Shares registering a 0.53% retreat. Sector weakness in Utilities, Banking and Mining contributed to the overall decline.
At the close, SMI (CSE:SMI) was the session's strongest performer, rising 6.10% - a gain of 622.00 points - to finish at 10,820.00. That move took SMI to an all-time high at the close. Miniere Touissit (CSE:CMT) also advanced, adding 3.74% or 183.00 points to end the day at 5,071.00. Ste de Travaux de Realisation d'Ouvrages et de Constuction Industielle SA (CSE:STR) gained 3.26% - up 7.30 points - to 231.30.
On the downside, Sanlam Maroc SA (CSE:SAH) led losses, sliding 5.93% or 185.00 points to close at 2,933.00. IB Maroc Com SA (CSE:IBC) fell 4.31%, a 2.80-point drop, to finish at 62.20. Alliances (CSE:ADI) declined 3.30%, losing 15.00 points to end at 440.00.
Market breadth in Casablanca showed a clear skew toward decliners: 44 stocks fell, 14 advanced and 4 finished unchanged.
Commodity markets saw notable moves during the session. Crude oil for June delivery rose 2.16%, gaining $2.06 to trade at $97.48 a barrel. Brent for July delivery climbed 2.40%, up $2.43 to $103.72 a barrel. Gold futures for June were up 0.17%, adding $7.81 to trade at $4,738.51 a troy ounce.
Foreign-exchange rates moved modestly in favour of the dirham against the euro and the dollar. EUR/MAD fell 0.18% to 10.73, while USD/MAD decreased 0.09% to 9.10. The US Dollar Index Futures was little changed, down 0.02% at 97.76.
Notes:
- The Moroccan All Shares closed down 0.53%.
- Top gainers included SMI (+6.10%), CMT (+3.74%) and STR (+3.26%).
- Largest decliners included SAH (-5.93%), IBC (-4.31%) and ADI (-3.30%).