Moroccan All Shares Index Falls 1.18% to 3-Month Low on Banking, Mining Weakness

Moroccan equities ended the trading week on a downturn, with the benchmark stock index falling to its lowest point in three months amid broad-based selling pressure. The decline was driven by notable weakness in several key industries, signaling negative investor sentiment.

Market Performance

At the close in Casablanca on Friday, the Moroccan All Shares index (MASI) declined by 1.18%, establishing a new 3-month low, according to data cited by Investing.com. Market breadth was decidedly negative, as falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by a margin of 41 to 16, with four stocks closing unchanged. This indicates that the session's losses were widespread rather than concentrated in a few large-cap names.

Sector and Stock Movers

The slide was led by significant losses in the Utilities, Banking, and Mining sectors. Several individual stocks saw sharp declines, weighing on the overall index.

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• The session's worst performers included Auto Hall (CSE:ATH), which tumbled 4.40% to close at 65.00, a new 52-week low for the stock.
• Lesieur Cristal (CSE:LES) fell 3.63% to end the day at 305.00.
• Delta Holding S.A (CSE:DHO) decreased by 3.51% to 55.00.

Despite the wider market downturn, a few companies bucked the trend. Among the top performers were transport company CTM (CSE:CTM), which rose 2.90%, and Micro Data SA (CSE:MIC), which added 1.90%.

Broader Context

In currency markets, the Moroccan dirham weakened slightly against the U.S. dollar, with the USD/MAD pair rising 0.22% to 9.34. Elsewhere, commodity markets saw gains, with both WTI and Brent crude oil futures trading higher. Gold futures also advanced during the session.