Moroccan equities finished the trading day in negative territory on Wednesday, with the Moroccan All Shares index ending down 0.19% at the Casablanca close. The session was characterized by sector-level weakness in Utilities, Banking and Mining, which exerted downward pressure on the overall market.
At the stock level, a handful of names bucked the downward trend. Residences Dar Saada SA (CSE:RDS) led the gainers, jumping 9.97% or 15.45 points to finish at 170.45. SMI (CSE:SMI) also posted a strong advance, rising 6.34% or 339.00 points to close at 5,689.00, while S2M (CSE:S2M) added 3.70% or 20.00 points to settle at 560.00.
On the opposite end of the tape, Miniere Touissit (CSE:CMT) registered the largest decline among active issues, slipping 2.91% or 100.00 points to end at 3,340.00. IB Maroc Com SA (CSE:IBC) fell 2.47% or 1.70 points to finish at 67.00, and CTM (CSE:CTM) lost 2.40% or 21.00 points to close at 853.00.
Market breadth at the Casablanca Stock Exchange tilted toward sellers, with 32 stocks declining compared with 23 advancing; 4 issues finished unchanged.
Commodities were a notable feature of the session. U.S. crude oil for April delivery rose 3.15% or 1.96, reaching $64.22 a barrel. Brent oil for April delivery climbed 3.04% or 2.05 to $69.47 a barrel. Precious metals also moved higher, with the April Gold Futures contract increasing 2.33% or 114.41 to trade at $5,020.31 a troy ounce.
Currency moves accompanied the session's flows. EUR/MAD was up 0.16% to 10.81 and USD/MAD rose 0.16% to 9.15. The US Dollar Index Futures gained 0.27%, trading at 97.32 by the close.
For market participants tracking Morocco, the session highlighted mixed results at the individual stock level amid broader sectoral pressure and notable commodity and currency moves.