Moroccan All Shares Index Closes Down 1.47% on Sector-Wide Weakness

Moroccan stocks ended Monday's trading session in negative territory, with the benchmark Moroccan All Shares (MASI) index recording a notable decline. The sell-off was primarily driven by broad weakness across the key Utilities, Banking, and Mining sectors, according to data from the Casablanca Stock Exchange.

Market Performance in Detail

The MASI index concluded the session down 1.47%. Market breadth was negative, as falling stocks outnumbered advancing ones by a margin of 36 to 22, while 7 stocks ended the day unchanged. This indicates widespread selling pressure rather than a decline concentrated in a few specific names.

Notable Stock Movers

Several companies experienced significant price swings, highlighting key areas of weakness and isolated strength in the market.

Top Decliners

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• Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE: STR) was the session's worst performer, plunging 9.98% to close at 184.55.
• Total Maroc SA (CSE: TMA) declined 8.97% to end at 1,411.00, hitting a new 52-week low.
• Zellidja S.A (CSE: ZDJ) fell 5.63% to 301.80.

Key Gainers

• Bucking the downward trend, Rebab Company (CSE: REB) led the gainers, rising 4.90% to 104.90.
• Hps (CSE: HPS) added 3.06% to finish at 670.00, a move that took the stock to a new 52-week high.
• Lesieur Cristal (CSE: LES) also posted a solid gain of 2.56% to close at 320.00.

Broader Market Context

The decline in Moroccan equities occurred amid notable moves in global commodity markets, with both crude and Brent oil futures rising while gold futures fell. In currency trading, the Moroccan dirham was slightly weaker against the U.S. dollar, with the USD/MAD pair rising 0.11% to 9.30.