Stocks on Morocco's Casablanca exchange finished the trading day in positive territory on Monday, with gains concentrated in the Banking, Beverage and Transport sectors.
At the close in Casablanca, the Moroccan All Shares index was up 1.37%.
Market breadth favored advancing issues, with 32 stocks higher, 19 lower and 8 unchanged on the Casablanca Stock Exchange.
Top performers
- Miniere Touissit (CSE:CMT) led the session, jumping 9.97% - a gain of 305.00 points - to finish at 3,365.00. The move took the share price to an all-time high.
- Douja Prom Addoha (CSE:ADH) climbed 6.38%, or 1.80 points, to close at 30.00.
- Ste de Travaux de Realisation dOuvrages et de Constuction Industielle SA (CSE:STR) rose 4.84%, gaining 10.50 points to end the session at 227.50.
Biggest decliners
- Cartier Saada (CSE:CRS) was the weakest among the larger moves, declining 3.31% or 1.07 points to trade at 31.22 at the close.
- Risma (CSE:RIS) fell 2.71%, a drop of 9.75 points, to finish at 350.20.
- S2M (CSE:S2M) slipped 2.59% or 15.00 points to end the day at 565.00.
Market context and breadth
Advancers outnumbered decliners by 32 to 19, with 8 stocks unchanged, indicating a broadly constructive session led by financials, beverages and transportation names.
Commodities and currencies
In commodities trading, crude oil for April delivery rose 0.88% - an increase of 0.55 - to settle at $63.30 a barrel. Brent crude for April delivery gained 0.86%, up 0.58, to $68.33 a barrel. April Gold Futures declined 1.02%, falling 51.70 to trade at $4,994.60 a troy ounce.
On the foreign exchange front, EUR/MAD was essentially unchanged, moving 0.04% to 10.84, while USD/MAD fell 0.05% to 9.13. The US Dollar Index Futures was up 0.14% at 96.96.
Overall, Monday's trading session ended with the Moroccan All Shares posting a notable gain of 1.37%, supported by sector leadership in banking, beverage and transport and with Miniere Touissit reaching a record high.