Story
Moroccan All Shares Index Falls to 1-Month Low on Sector Weakness
Summary
Morocco's benchmark stock index declined 0.18% on Tuesday to its lowest point in a month, weighed down by losses in the banking, utilities, and mining sectors.
Moroccan stocks closed lower on Tuesday, with the benchmark Moroccan All Shares Index (MASI) falling 0.18% to reach a new one-month low. The decline was driven by broad weakness across several key industries, according to market data from the Casablanca Stock Exchange.
Sector-Wide Pressure
The session's downturn was primarily led by losses in the Utilities, Banking, and Mining sectors. Market breadth was negative, indicating widespread selling pressure, as falling stocks outnumbered advancing ones by a margin of 41 to 16, with four stocks ending the session unchanged.
Stock Movers
Despite the overall market decline, several companies posted significant gains. The top performers included:
Ad- Med Paper (CSE:MDP), which surged 8.16% to close at 26.50.
- Maroc Leasing (CSE:MLE), adding 5.99% to end the day at 360.35.
- Aluminum du Maroc SA (CSE:ALM), which rose 2.27% to 1,845.00.
On the other side of the ledger, notable decliners weighed on the index:
- Societe des Boissons du Maroc SA (CSE:SBM) was the worst performer, falling 4.76% to 2,000.00.
- Alliances (CSE:ADI) declined 3.82% to finish at 379.90.
- Involys (CSE:INV) dropped 3.81% to 121.20, hitting a new 52-week low in the process.
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