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Moroccan All Shares Index Rises 0.44%, Boosted by Banking Sector
Moroccan stocks finished the trading week on a positive note, with the benchmark Moroccan All Shares (MASI) index climbing 0.44% by the close on Friday, September 4.
Sector Strength Drives Gains
The advance was primarily supported by strong performance in the Banking, Beverage, and Transport sectors, according to closing data from the Casablanca Stock Exchange. Market breadth was positive, with 30 stocks advancing compared to 24 decliners, while 8 issues ended the session unchanged.
The session's top individual performers included:
- Wafa Assurance (CSE:WAA), which surged 9.44% to close at 5,450.00.
- Ciments Du Maroc (CSE:CMA), which added 3.24% to finish at 1,750.00.
- Itissalat Al-Maghrib (CSE:IAM), which rose 2.50% to 98.40.
Notable Decliners
AdDespite the index's overall gain, several companies saw their share prices fall. The most significant decliners were led by Marocaine Ste de Therapeutique and Disway SA.
Among the worst performers, Disway SA (CSE:DWY) shares fell 8.37% to end the day at 701.00, a new 52-week low for the stock. Marocaine Ste de Therapeutique SA (CSE:SOT) saw the steepest percentage drop, falling 9.81%.
Broader Market Context
In the currency markets, the Moroccan dirham weakened slightly against the U.S. dollar, with the USD/MAD pair rising 0.27% to 9.38. The US Dollar Index Futures, which measures the greenback against a basket of major currencies, was also up 0.21%.
Commodity markets saw a downturn, with both Crude and Brent oil futures trading lower. Gold futures also experienced a decline during the session.
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