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Moroccan All Shares Index Declines 0.75% on Broad Sector Weakness
Morocco's benchmark stock index ended Thursday's session in negative territory, with broad-based losses across key industries weighing on investor sentiment. The Moroccan All Shares index (MASI) fell 0.75% by the close of trading in Casablanca, according to market data.
Sector-Wide Pressure
The decline was primarily driven by weakness in several significant sectors of the Moroccan economy. According to a report from Investing.com, notable losses were recorded in the Utilities, Banking, and Mining sectors, which collectively pulled the wider market lower.
The overall market breadth was negative, reflecting the bearish tone of the session. On the Casablanca Stock Exchange, falling stocks outnumbered advancing ones by a margin of 35 to 17, with 8 stocks ending the day unchanged.
Stock-Specific Movers
AdSeveral individual companies experienced significant price movements during the trading day. The session's most notable decliners included:
- Wafa Assurance (CSE:WAA), which fell 4.07%, or 226.00 points, to close at 5,323.00.
- Managem (CSE:MNG), a mining company, which saw its shares decline by 2.61%, or 349.00 points, to 13,001.00.
- Ciments Du Maroc (CSE:CMA), which dropped 1.82%, or 30.00 points, to finish at 1,620.00.
Despite the market's overall downturn, a few stocks posted strong gains. The top performers included Miniere Touissit (CSE:CMT), which rose 3.85% to 4,777.00, and CIH (CSE:CIH), which added 3.09% to end the session at 350.00.