Story
Moroccan All Shares Index Falls to 1-Month Low on Sector Weakness
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.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.
Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.
Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.
DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.