Moroccan All Shares Index Falls 1.52% at Close

Moroccan Market Closes Lower on Friday

The Moroccan stock market experienced a notable downturn at the close of trading on Friday, with the Moroccan All Shares index falling by 1.52%. The decline reflects broad-based negative sentiment across key industries, concluding the session on a negative note.

Sector Performance Overview

The primary drivers behind the market's fall were significant losses in the Utilities, Banking, and Mining sectors. On the Casablanca Stock Exchange, declining stocks heavily outnumbered advancing ones, with 44 stocks falling compared to only 12 that gained, while 6 remained unchanged.

Top Movers and Laggards

Among the session's worst performers were SMI, which plummeted 9.99%, and Miniere Touissit, which dropped 9.97%. In contrast, Wafa Assurance stood out as a top performer, rising 8.25%, followed by Realis. Mecaniques, which added 5.72%.

Summary

The session concluded with clear bearish pressure, particularly concentrated in foundational economic sectors. The market's direction will depend on whether these key industries can find renewed investor confidence in the upcoming sessions.

FAQ

Q: What was the closing performance of the Moroccan All Shares index?
A: The Moroccan All Shares index lost 1.52% at the close of trading on Friday.

Q: Which sectors led the market decline?
A: The decline was primarily led by losses in the Utilities, Banking, and Mining sectors.

Source: Investing.com