Story
Moroccan All Shares Index Gains 0.37%, Lifted by Banking Sector
Summary
Morocco's benchmark stock index closed higher on Friday, gaining 0.37% as strength in the banking, beverage, and transport sectors offset losses elsewhere. Market breadth was nearly flat, with advancers slightly outnumbering decliners.
Morocco's main stock market index finished in positive territory on Friday, buoyed by gains in key sectors. The Moroccan All Shares index (MASI) rose 0.37% by the close of trading in Casablanca, according to market data.
Sector Performance and Market Breadth
The advance was primarily driven by positive performance in the Banking, Beverage, and Transport sectors. However, the overall market sentiment was mixed, as reflected in the narrow market breadth. Data from the Casablanca Stock Exchange showed 25 advancing stocks versus 24 declining stocks, with 12 issues ending the session unchanged.
Top Movers
Several individual stocks saw significant movement during the trading session. The top-performing stocks on the MASI included:
Ad- Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR), which surged 5.66% to close at 183.00.
- Attijariwafa Bank (CSE:ATW), a heavyweight in the banking sector, added 1.43% to end at 687.00.
- Societe d’Exploitation des Ports SA (CSE:MSA), which gained 1.41% to finish at 865.00.
On the downside, IB Maroc Com SA (CSE:IBC) was the session's worst performer, falling 8.17% to 55.10. Meanwhile, shares in Salafin (CSE:SLF) declined 1.83% to 423.00, reaching an all-time low.
Broader Market Context
In the currency markets, the EUR/MAD pair was nearly flat at 10.68, while the USD/MAD pair edged down 0.07% to 9.35. In commodities, crude oil prices faced downward pressure, with August WTI futures falling 0.74% to $71.55 a barrel.