Morocco's equity market finished the session in negative territory on Tuesday as sector pressures in Utilities, Banking and Mining pushed the Moroccan All Shares index lower. At the close in Casablanca, the benchmark was down 0.55%.
Among individual names, Micro Data SA (CSE:MIC) led the winners, advancing 4.15% - a rise of 33.00 points to close at 828.00. Jet Contractors (CSE:JET) added 2.64%, gaining 70.00 points to finish at 2,720.00, while Miniere Touissit (CSE:CMT) rose 2.23% or 75.00 points to end the day at 3,440.00.
The session's heaviest declines were recorded by SMI (CSE:SMI), which fell 7.36% - a drop of 425.00 points to 5,350.00 at the close. CDM (CSE:CDM) slid 2.62%, losing 30.00 points to finish at 1,115.00, and Akdital SA (CSE:AKT) was down 2.00% or 23.00 points to 1,125.00.
Market breadth favored decliners: on the Casablanca Stock Exchange, falling stocks outnumbered advancers by 35 to 14, while 8 issues ended the session unchanged.
Notably, shares of Miniere Touissit reached a record level during the session - the stock rose to all-time highs as it increased 2.23% or 75.00 points to trade at 3,440.00.
Commodities traded lower in international markets. Crude oil for April delivery fell 1.05%, down $0.66, to $62.09 a barrel. Brent oil for April delivery declined 2.23% or $1.53 to $67.12 a barrel. Precious metals also moved lower, with the April Gold Futures contract dropping 2.75% or $138.84 to trade at $4,907.46 a troy ounce.
Currency pairs involving the Moroccan dirham showed mixed moves: EUR/MAD was down 0.45% at 10.80, while USD/MAD rose 0.33% to 9.15. The US Dollar Index Futures was higher, up 0.55% at 97.36.
The day's action reflected concentrated weakness in a few key sectors rather than a uniform market decline, with the Utilities, Banking and Mining groups cited as the primary drags on the index.