Moroccan All Shares Index Falls 0.61% on Banking and Mining Weakness

Moroccan equities closed lower on Friday, with the benchmark Moroccan All Shares index declining as broad-based losses in key sectors weighed on the market. The index's fall reflects negative sentiment that saw declining stocks significantly outpace gainers.

Market Performance

The Moroccan All Shares index finished the trading session in Casablanca down 0.61%. The negative performance was led by weakness in the Utilities, Banking, and Mining sectors, according to market data.

Market breadth confirmed the bearish tone of the session. Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by a margin of 42 to 19, with six other securities ending the day unchanged.

Notable Stock Movers

Several individual stocks posted significant moves, influencing the broader market direction. The session's worst-performing stocks included:

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• Rebab Company (CSE:REB), which fell 4.76% to trade at 100.00.
• Fenie Brossette (CSE:FBR), declining 3.23% to end at 392.00.
• Atlanta (CSE:ATL), which was down 3.01% to 124.15.

In contrast, a few companies bucked the negative trend. Ste Promotion Pharmaceutique du Maghreb SA (CSE:PRO) was the top performer, rising 5.97% to 1,296.00. It was followed by Involys (CSE:INV), which added 3.06%, and Zellidja S.A (CSE:ZDJ), which gained 3.00%.

Broader Market Context

In global commodity markets, both crude and Brent oil futures traded lower. Gold futures also saw a notable decline. In foreign exchange, the Moroccan dirham weakened against the U.S. dollar, with the USD/MAD pair rising 0.30% to 9.28, while the EUR/MAD pair was nearly unchanged.