Moroccan All Shares Index Slips 0.19% on Sector-Wide Losses

Moroccan stocks ended the trading week on a negative note, with the benchmark Moroccan All Shares index closing down 0.19% on Friday. The decline was primarily driven by broad-based losses across key industries, according to data from the Casablanca Stock Exchange.

Sector Weakness Drags on Index

The downturn was led by poor performance in the Utilities, Banking, and Mining sectors, which weighed on the broader market sentiment. The session's market breadth confirmed the negative trend, with falling stocks significantly outnumbering advancing ones by a margin of 34 to 15. An additional 8 stocks finished the session unchanged.

Top Movers

Despite the overall market decline, a few individual stocks posted strong gains. The day's top performers included:

• Fenie Brossette (CSE:FBR): Rose 6.51% to close at 365.00.
• Zellidja S.A (CSE:ZDJ): Gained 4.91% to end at 278.00.
• Agma Lahlou-Tazi (CSE:AGM): Climbed 4.63% to 7,000.00.

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Conversely, the worst-performing stocks of the session saw notable declines:

• S2M (CSE:S2M): Fell 4.25% to trade at 493.10.
• Maghreb Oxygene (CSE:MOX): Declined 2.81% to end at 379.00.
• Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR): Dropped 2.80% to 170.00.

Broader Market Context

In the global commodities market, crude oil prices edged lower, with Brent oil for November delivery falling 0.31%. In contrast, the December Gold Futures contract rose 0.30% to trade at $4,310.75 a troy ounce, suggesting some investor demand for safe-haven assets.

In foreign exchange markets, the EUR/MAD pair was up 0.43%, while the USD/MAD pair remained largely unchanged. The US Dollar Index Futures, a measure of the dollar's strength against a basket of currencies, was down 0.26% at 100.76.