Story
Moroccan All Shares Index Rises 0.47% on Banking, Transport Sector Gains
Summary
The Moroccan All Shares index closed higher on Tuesday, gaining 0.47% as strength in the banking, beverage, and transport sectors lifted the Casablanca bourse. Alliances was a top performer, rising nearly 5%.
Morocco's benchmark stock index finished in positive territory on Tuesday, lifted by gains across several key sectors. The Moroccan All Shares index rose 0.47% by the close of trading in Casablanca, according to market data.
Sector Performance and Market Breadth
The upward momentum was primarily driven by strong performance in the Banking, Beverage, and Transport sectors. The session's market breadth reflected the positive sentiment, with 36 stocks advancing on the Casablanca Stock Exchange compared to 22 decliners. Four stocks ended the session unchanged.
Top Movers
Several companies posted significant gains, leading the market higher. The day's top performers included:
Ad- Alliances (CSE:ADI), which rose 4.87% to close at 408.45.
- Med Paper (CSE:MDP), adding 3.38% to end the day at 24.50.
- Maghreb Oxygene (CSE:MOX), which was up 3.17% to finish at 390.00.
On the other side of the ledger, the session's biggest decliners were led by Societe des Boissons du Maroc SA (CSE:SBM), which fell 4.04% to 2,020.00. Zellidja S.A (CSE:ZDJ) declined 3.68%, while Sanlam Maroc SA (CSE:SAH) was down 2.98%.
Currency and Commodity Markets
In the currency markets, the Moroccan dirham weakened against the U.S. dollar, with the USD/MAD pair rising 0.48% to 9.58. The EUR/MAD pair saw a smaller gain of 0.09% to 10.95. The moves came as the US Dollar Index Futures, which tracks the greenback against a basket of other major currencies, was up 0.15%.
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