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Moroccan All Shares Index Edges Up 0.18% Led by Banking Sector
Moroccan stocks finished slightly higher on Monday, with the benchmark Moroccan All Shares (MASI) index adding 0.18% by the close of trade in Casablanca. The modest advance was primarily supported by strength in the Banking, Beverage, and Transport sectors.
Top Movers
Several companies posted significant gains, leading the market's performance. Advancing stocks on the Casablanca Stock Exchange outnumbered decliners by a margin of 35 to 19, with 10 stocks ending the session unchanged.
- The day's top performer was Zellidja S.A (CSE:ZDJ), which surged 9.99% to close at 293.95.
- Fenie Brossette (CSE:FBR) also saw strong buying interest, adding 9.40% to end at 299.00.
- Micro Data SA (CSE:MIC) rose 4.20% to finish at 746.30.
On the other side of the ledger, the session's biggest laggards included Realis. Mecaniques (CSE:SRM), which fell 3.24%, and CDM (CSE:CDM), which declined 2.11%.
AdBroader Market Context
The gains in Moroccan equities occurred against a backdrop of falling commodity prices. Crude oil futures for September delivery dropped significantly, falling over 6% to trade around $79.42 per barrel. Brent oil for October delivery also fell sharply.
In currency markets, the Moroccan Dirham weakened slightly against the U.S. dollar, with the USD/MAD pair rising 0.16% to 9.34. Conversely, the dirham strengthened against the euro, as the EUR/MAD pair fell 0.18% to 10.74.
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