Morocco Stocks Close Higher; Moroccan All Shares Rise 0.44%

Morocco’s stock market saw an uptick following Friday’s closing, buoyed by gains across various sectors. In Casablanca, the index increased by 0.44%, reaching a new five-year peak.

Leading the charge were the top performers of the session, including Itissalat Al-Maghrib, which saw a rise of 3.59%, or 3.25 points, trading at 93.70 by the end of the day. Stokvis Nord Afrique climbed by 3.33% or 0.50 points, finishing at 15.50, while Wafa Assurance improved by 2.38%, gaining 100.00 points to close at 4,300.00.

Conversely, the worst performers included Realis. Mecaniques, which declined by 6.33% or 30.90 points, trading at 457.10. S2M also fell by 6.21% or 15.90 points, ending at 240.00, and Cartier Saada dropped by 2.21% or 0.87 points, closing at 38.50.

On the Casablanca Stock Exchange, there were 25 advancing stocks compared to 22 that declined, with 4 remaining unchanged.

In commodities, crude oil for November delivery experienced a slight increase of 0.08%, reaching $71.22 per barrel. Brent oil for the same month saw a minor dip of 0.07%, settling at $74.83 per barrel, while December Gold Futures rose by 1.01%, trading at $2,641.10 per troy ounce.

In currency exchange, the EUR/MAD fell by 0.12%, reaching 10.82, whereas USD/MAD remained virtually unchanged at 9.70. Additionally, the US Dollar Index Futures rose by 0.35% to 100.68.