Story
Moroccan All Shares Index Gains 0.43% on Banking, Transport Strength
Summary
Morocco's benchmark stock index closed higher on Friday, lifted by positive performance in the banking and transport sectors, even as market breadth was nearly balanced between gainers and losers.
Morocco's benchmark stock index, the Moroccan All Shares (MASI), finished the trading session higher on Friday, gaining 0.43% as strength in key sectors offset broader market indecision.
Sector Performance Drives Gains
The advance was primarily led by positive performance in the Banking, Beverage, and Transport sectors, according to data from the Casablanca Stock Exchange. The gains in these heavyweight industries were sufficient to lift the overall index by the close of trade.
Top Movers
Among the session's top individual performers, Zellidja S.A. (CSE:ZDJ) posted a significant gain, rising 9.73% to close at 203.00. Other notable advancers included:
Ad- Jet Contractors (CSE:JET): Added 4.55% to end the day at 2,070.00.
- IB Maroc Com SA (CSE:IBC): Climbed 2.85% to finish at 59.87.
On the downside, Delta Holding S.A. (CSE:DHO) was a leading decliner, falling 2.73% to trade at 53.00, a new 52-week low for the stock. Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) also fell 2.64% to 590.00.
Market Breadth Indicates Mixed Sentiment
Despite the headline gain, underlying market sentiment was nearly flat. Data from the Casablanca Stock Exchange showed rising stocks barely outnumbered decliners by a count of 29 to 27, with 7 issues ending the session unchanged. This narrow breadth suggests that the day's gains were not widely distributed across the market.
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