Moroccan All Shares Index Ends Lower as Banking and Mining Stocks Decline

Moroccan stocks ended Thursday's session in negative territory, with the benchmark Moroccan All Shares (MASI) index declining by 0.40%. The downturn was primarily driven by weakness across the country's key banking, utilities, and mining sectors.

Sector Drags and Market Breadth

The losses were concentrated in several heavyweight industries, weighing on the broader market performance. According to closing data from the Casablanca Stock Exchange, the negative sentiment was reflected in a very narrow market breadth.

Falling stocks slightly outnumbered advancing ones by a margin of 30 to 29, while seven components of the index ended the session unchanged. This indicates a mixed session for individual equities despite the headline index decline.

Notable Movers

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Among the session's most significant decliners was cement manufacturer LafargeHolcim Maroc (CSE: LHM), which fell 2.38% to close at 1,766.00. Other notable losers included:

• S2M (CSE: S2M), which dropped 2.26% to 502.30.
• Nationale d’Electrolyse et de Petrochimie Ste SA (CSE: SNP), which was down 1.91% to 357.05.

Despite the overall market dip, several companies posted strong gains. Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE: STR) was the day's top performer, surging 9.97% to finish at 202.35. Other gainers included M2M Group (CSE: M2M), which added 5.20%, and Societe des Boissons du Maroc SA (CSE: SBM), which rose 3.19%.