Morocco's equity market ended the day with a marginal decline on Friday as sector-level weakness in Utilities, Banking and Mining outweighed gains elsewhere. At the close in Casablanca the Moroccan All Shares index recorded a 0.02% fall.
On an individual-stock basis, the session produced a handful of clear winners. Maghreb Oxygene (CSE:MOX) led the advancers, rising 4.54% - a gain of 16.20 points - to finish at 372.90. Mining group Managem (CSE:MNG) added 3.20%, an increase of 445.00 points, closing at 14,350.00. M2M Group (CSE:M2M) also moved higher, up 2.80% or 10.90 points, to end at 399.90.
At the other end of the tape, SMI (CSE:SMI) posted the largest loss, sliding 6.81% - down 475.00 points - to settle at 6,501.00. Med Paper (CSE:MDP) fell 3.85%, a decline of 1.00 point, to close at 25.00. Aluminum du Maroc SA (CSE:ALM) was down 3.27%, or 64.00 points, finishing at 1,891.00.
Market breadth favored decliners: 35 stocks fell versus 18 that advanced, while 4 issues finished unchanged on the Casablanca Stock Exchange.
Commodity prices showed mixed moves during the trading session. Crude oil for July delivery was down 0.44%, a drop of $0.34, to $76.26 a barrel. Brent oil for August delivery climbed 0.38%, or $0.30, to $80.15 a barrel. The August gold futures contract declined 1.78%, losing $75.70, to trade at $4,170.20 a troy ounce.
Foreign exchange rates were effectively flat on the day. The euro traded at 10.68 Moroccan dirhams, recording an unchanged movement of 0.03%. The U.S. dollar was at 9.32 dirhams with an unchanged move of 0.04%. The U.S. Dollar Index Futures was down 0.09% at 100.53.
The session's numbers reflect a market with limited net movement at the headline index level but with distinct winners and losers among individual stocks and sectors. The Utilities, Banking and Mining groups were highlighted as sources of downward pressure, while a few selected equities recorded notable gains by the close.