Stock Markets March 12, 2026

Casablanca session closes with Moroccan All Shares unchanged as sector gains offset losses

Banking, Beverage and Transport sectors lead modest market advances while commodities and currency moves add volatility

By Ajmal Hussain CFG BCI
Casablanca session closes with Moroccan All Shares unchanged as sector gains offset losses
CFG BCI

Morocco's stock market closed with marginal net change on Thursday as gains in banking, beverage and transport stocks balanced declines elsewhere. The Moroccan All Shares index finished effectively flat, with a near-even split between advancing and falling issues on the Casablanca Stock Exchange. Crude and Brent oil posted significant gains while gold futures slipped; currency pairs involving the Moroccan dirham moved modestly.

Key Points

  • Moroccan All Shares closed effectively flat at the Casablanca exchange, with the index recording a 0.00% change.
  • Banking, Beverage and Transport sectors contributed to the session's gains, with CFG Bank SA, BCI and SOT among the top advancers.
  • Commodities saw notable movement: April crude rose to $95.57 a barrel and Brent to $99.97, while April gold futures fell to $5,131.15 a troy ounce; currency pairs involving the dirham moved modestly.

Investing in Moroccan equities ended the trading day with little net movement as sector-level gains counterbalanced individual stock declines. At the close in Casablanca, the Moroccan All Shares registered a 0.00% change.

The session was led by strength in the Banking, Beverage and Transport sectors, which helped lift portions of the market even as some listed companies saw their shares fall.

Top performers

  • CFG Bank SA (CSE:CFG) climbed 3.51% - an increase of 7.20 points - to finish at 212.20.
  • Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) added 3.39% or 20.00 points, closing at 610.00.
  • Marocaine Ste de Therapeutique SA (CSE:SOT) rose 2.96%, gaining 48.00 points to end the session at 1,668.00.

Heaviest declines

  • Lesieur Cristal (CSE:LES) fell 5.14%, a drop of 18.95 points, to close at 350.00.
  • S2M (CSE:S2M) declined 3.70% or 20.00 points to finish at 520.00.
  • Micro Data SA (CSE:MIC) slipped 3.49%, losing 26.00 points to end at 720.00.

Market breadth was roughly balanced: rising stocks outnumbered decliners by 28 to 26, and 6 issues finished unchanged on the Casablanca Stock Exchange.

Commodities and currencies

Energy markets recorded sizable moves during the session. Crude oil for April delivery advanced 9.54% - up 8.32 - to $95.57 a barrel, while Brent for May delivery increased 8.69% or 7.99 to $99.97 a barrel. In precious metals, the April Gold Futures contract declined 0.93% - down 47.95 - to trade at $5,131.15 a troy ounce.

Currency trading showed modest shifts against the Moroccan dirham: EUR/MAD moved down 0.23% to 10.83, while USD/MAD rose 0.50% to 9.41. The US Dollar Index Futures traded higher as well, up 0.49% at 99.71.


Thursday's session produced a mix of gains and losses across individual names and sectors. The net-zero change in the Moroccan All Shares reflected that balance, with pronounced moves in oil and gold markets and slight currency adjustments adding context to the equity action.

Risks

  • Volatility in energy markets - as shown by the large percentage increases in crude and Brent oil - introduces uncertainty for commodity-sensitive sectors.
  • Currency swings in EUR/MAD and USD/MAD could affect companies with euro- or dollar-linked revenues or costs.
  • Individual stock declines - several listed companies posted notable drops - indicate company-specific risks that can influence sector performance.

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