Moroccan equities finished the trading session on Friday with a pronounced advance, as the Moroccan All Shares index rose 2.13% to close at a one-month high. Momentum came from strength in the Banking, Beverage and Transport sectors, which collectively pushed the market higher by the final bell.
At the close in Casablanca, winners substantially outnumbered losers on the exchange. A total of 39 stocks gained, 9 fell and 12 finished unchanged.
Top performers
- Managem (CSE:MNG) led the session, jumping 9.99% - an increase of 1,084.00 points - to finish at 11,934.00. The companys shares moved to an all-time high.
- Miniere Touissit (CSE:CMT) climbed 8.94%, or 401.00 points, ending the day at 4,885.00; its shares also reached an all-time high.
- CTM (CSE:CTM) advanced 7.49%, rising 64.00 points to close at 919.00.
Lagging stocks
- Micro Data SA (CSE:MIC) was the weakest performer among the listed names cited, slipping 1.27% or 10.00 points to 780.00 at the close.
- BCP (CSE:BCP) declined 1.13%, down 2.80 points to 244.00.
- Afric Industries Sa (CSE:AFI) fell 1.10%, a drop of 3.90 points, to finish at 350.00.
Commodity markets showed mixed moves during the session. Crude oil for May delivery rose 0.74% - up $0.72 - to $98.59 per barrel. Brent oil for June delivery edged down 0.02% to $95.90 per barrel. The June gold futures contract fell 0.28%, a decline of $13.49, trading at $4,804.51 per troy ounce.
Foreign-exchange rates included a 0.12% increase in EUR/MAD to 10.89 and a 0.27% decrease in USD/MAD to 9.28. The US Dollar Index Futures was down 0.20% at 98.39.
The market�s advance was driven by a handful of significant stock moves, notably Managem and Miniere Touissit, which delivered sizable percentage gains and set new price records. While most of the named large-cap names rose, a small subset of companies moved lower, leaving a clear skew toward advancing issues by the close.
Overall, the session combined sector-specific strength in financials, beverages and transport with mixed signals from commodities and currencies. The breadth of advancing names suggests broad participation in the rally, though pockets of weakness remained among individual issues that ended the session lower.