Moroccan All Shares Index Edges Up 0.13% on Sector Strength

Moroccan equities edged higher at the close of trading on Wednesday, with the benchmark Moroccan All Shares (MASI) index gaining 0.13%. The advance was primarily driven by positive performance in key sectors, according to data from the Casablanca Stock Exchange.

Sector Gains Drive Index

Strength in the Banking, Beverage, and Transport sectors provided the main impetus for the market's modest rise. However, the session's overall sentiment was mixed, indicating that gains were not broad-based across the exchange.

Market breadth figures showed that declining stocks outnumbered advancers by a margin of 33 to 22, while 6 issues ended the day unchanged. This suggests that while heavyweight sectors lifted the index, a larger number of individual companies saw their share prices fall.

Standout Movers

Among the top individual performers, several companies posted significant gains:

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• Aluminum du Maroc SA (CSE:ALM) was the session's leader, surging 4.09% to close at 1,859.00.
• Zellidja S.A (CSE:ZDJ) added 3.33% to end at 308.95.
• Disway SA (CSE:DWY) rose 3.21% to finish at 753.00.

On the downside, Cartier Saada (CSE:CRS) fell 1.96% to 22.00, a new 52-week low for the stock. Other notable decliners included Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR), which dropped 1.91%, and CDM (CSE:CDM), which shed 1.59%.

Broader Market Context

In global commodity markets, energy prices saw a significant increase. Crude oil futures for October delivery rose 3.67% to $96.44 a barrel, while Brent oil climbed 3.40% to $101.25. In currency trading, the Moroccan dirham strengthened slightly against the US dollar, with the USD/MAD pair falling 0.14%.