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Moroccan All Shares Index Climbs 1.04% on Banking Sector Strength
Moroccan stocks finished the trading day higher on Thursday, with the benchmark Moroccan All Shares (MASI) index climbing 1.04%. The gains were primarily driven by positive performance in the banking, beverage, and transport sectors, according to closing data from the Casablanca Stock Exchange.
Sector and Stock Movers
Market breadth was positive, with 32 stocks advancing compared to 19 decliners, while nine issues ended the session unchanged. The rally was supported by several key individual performances.
- Top Gainers: Managem (CSE:MNG) rose 2.46% to 1,752.00, CIH (CSE:CIH) added 2.37% to close at 345.00, and Afriquia Gaz (CSE:GAZ) was up 2.16% to 3,740.00.
- Top Decliners: The worst performers were led by IB Maroc Com SA (CSE:IBC), which fell 7.55%. Zellidja S.A (CSE:ZDJ) declined 4.39%, and Atlanta (CSE:ATL) dropped 3.90%, hitting a new 52-week low.
AdBroader Market Context
In commodities trading, energy and precious metals saw gains. Crude oil for October delivery rose 1.60% to $92.47 a barrel, while Brent oil for November delivery increased 1.32% to $96.89 a barrel. Gold futures for December delivery also posted a strong advance of 2.97%.
On the currency markets, the USD/MAD pair rose 0.31% to 9.36, while the EUR/MAD was unchanged at 10.84. The US Dollar Index Futures, which tracks the dollar against a basket of six major currencies, traded 0.59% lower at 98.96.
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