Morocco Stocks Close Higher with Moroccan All Shares Up 0.68%

Morocco’s stock market experienced an uptick following Thursday’s close, driven by gains in various sectors. The Casablanca index rose by 0.68%, reaching a new five-year peak.

Among the top performers, Cartier Saada saw a notable increase of 6.09%, or 2.26 points, finishing at 39.37. Compagnie Sucrerie Marocaine et de Raffinage SA rose by 3.84%, or 7.10 points, to close at 192.00, while Involys climbed 3.79%, or 3.85 points, ending the day at 105.50.

In contrast, the weakest performers included Realis. Mecaniques, which dropped 6.09%, or 30.80 points, settling at 475.20. Stokvis Nord Afrique fell by 4.58%, or 0.72 points, to 15.00, and Auto Hall decreased by 3.28%, or 2.49 points, to 73.50.

Overall, advancing stocks outnumbered those that declined on the Casablanca Stock Exchange, with 26 stocks gaining, 21 losing, and 4 remaining unchanged.

In commodity trading, crude oil for November delivery increased by 1.36%, or 0.95, to reach $70.83 per barrel. Brent oil for November also rose by 1.22%, or 0.90, reaching $74.55 per barrel. Additionally, December Gold Futures saw a slight increase of 0.33%, or 8.60, trading at $2,607.20 per troy ounce.

In currency exchange, the EUR/MAD remained stable, inching up 0.04% to 10.83, while the USD/MAD fell by 0.46% to 9.71. The US Dollar Index Futures were up by 0.29% at 100.57.