Moroccan All Shares Index Falls to 3-Month Low on Sector Weakness

Morocco's benchmark stock index declined at the close of trading on Monday, hitting a new three-month low. The Moroccan All Shares (MASI) index fell by 0.22%, weighed down by broad-based selling pressure across several key industries.

Sector-Led Decline

The negative performance was driven by significant losses in the Utilities, Banking, and Mining sectors, according to data from the Casablanca Stock Exchange. Market breadth was negative, with falling stocks outnumbering advancing ones by a margin of 31 to 20, while nine stocks finished the session unchanged.

This slide to a three-month low suggests a growing bearish sentiment among investors, extending a period of recent weakness for the Moroccan equity market.

Notable Stock Movers

Despite the overall market downturn, a few companies posted strong gains. The top performers included:

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• Involys (CSE:INV), which rose 5.79% to close at 128.00.
• Ste Nationale de Siderurgie SA (CSE:SID), adding 2.94% to end at 1,999.00.

Conversely, several stocks experienced sharp declines. The session's worst performers were led by:

• Micro Data SA (CSE:MIC), which fell 4.94% to 712.00.
• Realis. Mecaniques (CSE:SRM), declining 4.01% to 450.00.
• Total Maroc SA (CSE:TMA), which dropped 3.69% to 1,435.00, hitting a new 52-week low.

Broader Market Context

In commodities, oil prices edged lower, with Crude oil futures for September delivery falling 0.55% to $81.33 a barrel. In currency markets, the Moroccan Dirham weakened against the U.S. dollar, with the USD/MAD pair rising 0.35% to 9.37.