Market close
Shares on the Casablanca exchange finished the session higher on Monday, with the Moroccan All Shares index up 0.59% at the close. Sector strength in Banking, Beverage and Transport underpinned the gain in the benchmark.
Leading advancers
- Jet Contractors (CSE:JET) led the winners, rising 3.63% or 76.00 points to finish at 2,170.00.
- Med Paper (CSE:MDP) added 3.31% or 0.80 points, closing at 24.99.
- Taqa Morocco SA (CSE:TQM) gained 2.62% or 45.00 points to trade at 1,765.00 at the end of the session.
Largest decliners
- SMI (CSE:SMI) was the weakest performer, falling 6.98% or 600.00 points to close at 8,000.00.
- S2M (CSE:S2M) declined 5.48% or 29.00 points to end the day at 500.00.
- Miniere Touissit (CSE:CMT) slipped 4.18% or 205.00 points to finish at 4,700.00.
Breadth and notable moves
Declining issues outnumbered advancing ones on the Casablanca Stock Exchange, 31 to 21, while 10 stocks finished unchanged. S2M (CSE:S2M) moved to a 52-week low, falling 5.48% or 29.00 points to 500.00.
Commodities and currency
- Crude oil for July delivery rose 1.71% or $1.55 to settle at $92.09 a barrel.
- Brent for August delivery increased 1.88% or $1.75 to $94.84 a barrel.
- The August Gold Futures contract eased 0.28% or $12.30 to trade at $4,353.00 a troy ounce.
- EUR/MAD declined 0.12% to 10.66, while USD/MAD fell 0.17% to 9.24.
- The US Dollar Index Futures was down 0.13% at 99.92.
Summary observation
The session closed with the benchmark finishing in positive territory, driven by gains among several banking, beverage and transport-related listings, even as a larger number of individual stocks fell. Energy futures strengthened and gold edged lower, while both the euro and the dollar weakened slightly against the Moroccan dirham.