Moroccan All Shares Index Gains 0.57%, Led by Banking Sector

Morocco's stock market ended Tuesday's session in positive territory, with the benchmark Moroccan All Shares index closing up 0.57%. The gains were primarily driven by strong performances in the Banking, Beverage, and Transport sectors, according to data from the Casablanca Stock Exchange.

Sector and Stock Movers

The market saw more advancing stocks than declining ones, with 31 companies ending the day higher, 23 falling, and 7 remaining unchanged. This positive breadth reflects a generally optimistic session for the Casablanca bourse.

Key individual performers included:

• Med Paper (CSE:MDP), which was the top gainer, rising 3.91% to close at 25.50.
• Marocaine Ste de Therapeutique SA (CSE:SOT), which added 3.17% to end the session at 361.20.
• Total Maroc SA (CSE:TMA), climbing 2.60% to finish at 1,539.00.

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On the downside, the session's worst performers were led by CTM (CSE:CTM), which fell 3.03% to 865.00. It was followed by IB Maroc Com SA (CSE:IBC), down 2.83%, and Aluminum du Maroc SA (CSE:ALM), which declined 2.70%.

Broader Market Context

In the commodities markets, energy prices saw gains. Crude oil for October delivery increased by 1.61% to trade at $92.95 per barrel, while Brent oil for November delivery rose 0.92% to $97.89 per barrel. In contrast, the December Gold Futures contract fell 0.62% to $4,449.01 a troy ounce.

In foreign exchange, the Moroccan Dirham's performance was mixed. The EUR/MAD pair was up 0.30% at 10.94, while the USD/MAD pair fell 0.25% to 9.38. The US Dollar Index Futures, which measures the greenback against a basket of major currencies, was down 0.36% at 98.79.