Story
Moroccan All Shares Index Falls to 1-Month Low on Sector Weakness
Summary
The Moroccan All Shares index declined 0.52% at Thursday's close, hitting its lowest point in a month as losses in the banking, utilities, and mining sectors weighed on the market.
Morocco's benchmark stock index fell to a new one-month low at the close of trading on Thursday, pressured by broad-based declines across key industries. The Moroccan All Shares Index (MASI) lost 0.52%, according to data from the Casablanca Stock Exchange.
Sector-Led Declines
The negative performance was driven by significant losses in the Utilities, Banking, and Mining sectors, which led the broader market lower. The session's market breadth reflected the bearish sentiment, with falling stocks outnumbering advancing ones by a significant margin.
Data from the exchange showed that 37 companies saw their shares decline, while only 12 posted gains. An additional 11 stocks finished the session unchanged.
AdNotable Stock Movements
Several companies experienced significant price swings during the trading session. The market's worst performers were led by industrial and mining firms.
- Top Gainers: Salafin (CSE:SLF) was a bright spot, rising 6.26% to close at 458.00. Lesieur Cristal (CSE:LES) gained 2.76% to 316.50, and Residences Dar Saada SA (CSE:RDS) was up 2.06% to 173.50.
- Top Losers: Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR) fell 4.47% to 170.05. It was followed by SMI (CSE:SMI), which declined 4.08% to 5,851.00, and Rebab Company (CSE:REB), which dropped 3.98% to 88.01, hitting a new 52-week low.
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