Casablanca session ends lower as Moroccan All Shares slips 0.27%

Moroccan equities finished the trading day in Casablanca with the Moroccan All Shares down 0.27%. Losses in the Utilities, Banking and Mining sectors contributed to the decline. Market breadth was negative, with 32 decliners against 16 gainers and 10 unchanged. Several individual stocks showed outwardly divergent moves, while crude oil climbed and gold futures fell.

BCI CRS

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Key Points

The Moroccan All Shares index closed down 0.27% in Casablanca, with Utilities, Banking and Mining sectors contributing to the decline.
Market breadth was negative: 32 stocks fell, 16 rose and 10 were unchanged.
Commodity moves were pronounced: October crude oil jumped to $100.18 a barrel while December gold futures retreated to $4,397.44 a troy ounce.

Moroccan stocks closed lower on Thursday, with the Moroccan All Shares index finishing the session down 0.27% in Casablanca. The market slide was driven in part by weakness in the Utilities, Banking and Mining sectors.

At the close, Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) led the gainers on the Moroccan All Shares, rising 2.45% or 15.00 points to end the day at 619.00. Cartier Saada (CSE:CRS) advanced 2.05% or 0.45 points to close at 22.45, while Nationale d’Electrolyse et de Petrochimie Ste SA (CSE:SNP) was higher by 2.05% or 7.00 points to finish at 349.00.

On the downside, Med Paper (CSE:MDP) recorded the largest percentage loss among listed stocks, slipping 4.12% or 1.06 points to 24.65 at the close. SMI (CSE:SMI) declined 3.65% or 250.00 points to end the session at 6,600.00, and Hps (CSE:HPS) fell 2.99% or 20.00 points to finish at 650.00.

Market breadth favored decliners, with 32 stocks falling compared with 16 that advanced. Ten issuers finished unchanged.

Commodities moved notably during the trading day. Crude oil for October delivery rose 4.30% or 4.13 to $100.18 a barrel. Brent crude for November delivery increased 4.35% or 4.40 to $105.61 a barrel. In contrast, the December Gold Futures contract fell 1.42% or 63.26 to trade at $4,397.44 a troy ounce.

Currency pairs involving the Moroccan dirham showed modest movement. EUR/MAD was up 0.35% at 10.91, while USD/MAD was essentially unchanged, moving 0.02% to 9.37.

Across broader markets, the US Dollar Index Futures was up 0.09%, trading at 98.90 as of the same session.

Summary of key session data:

Moroccan All Shares -0.27% at close
Top gainers: BCI +2.45%, CRS +2.05%, SNP +2.05%
Top losers: MDP -4.12%, SMI -3.65%, HPS -2.99%
Market breadth: 32 decliners, 16 advancers, 10 unchanged
Commodities: October crude +4.30% to $100.18; Brent November +4.35% to $105.61; December gold futures -1.42% to $4,397.44
FX: EUR/MAD 10.91 (+0.35%); USD/MAD 9.37 (+0.02%)

The mix of sector pressure and divergent stock performance left the Moroccan All Shares modestly lower at the session close.

Risks

Rising oil prices - a 4.30% jump in October crude to $100.18 a barrel - could increase input costs for energy-sensitive sectors, including Industrials and Transportation.
Weakness concentrated in Utilities, Banking and Mining suggests sector-specific pressures that may persist given the current session’s breadth (32 decliners vs 16 advancers).
Movements in currency pairs, such as EUR/MAD rising 0.35% to 10.91, introduce exchange-rate uncertainty for exporters and importers operating in dirham terms.

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Casablanca session ends lower as Moroccan All Shares slips 0.27%

Key Points

Risks

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