Morocco’s equities market closed higher on Monday, with the Moroccan All Shares index rising 0.69% to reach a three-month high on the Casablanca Stock Exchange. Advancing issues narrowly outpaced declines, with 27 stocks rising against 28 falling and eight unchanged.
The gains were broad-based but concentrated in the banking, beverage and transport sectors. The SMI index surged 6.01%, or 403 points, to finish at 7,103, while Managem added 5.22%, or 94 points, to set a new all-time high at 1,895. Residences Dar Saada SA also climbed 5.08%, or 9 points, to close at 186.
On the downside, Med Paper fell 3.40%, or 0.95 points, to 27. Involys declined 2.27%, or 3 points, to 129, and Taqa Morocco SA dropped 2.15%, or 40 points, to 1,820.
