Morocco Stocks Close Lower; Moroccan All Shares Decline 0.53%

Morocco Stock Market Update

Morocco’s stock market experienced a downturn following the close on Tuesday, with declines across several sectors contributing to the overall losses.

At the end of trading in Casablanca, the main index dropped by 0.53%.

Among the session’s standout performers was Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA, which surged by 9.98 points to close at 54.44. Realis. Mecaniques also saw positive movement, gaining 3.23 points to finish at 480.00. Additionally, Cartier Saada rose by 1.31 points, ending the day at 37.99.

Conversely, the market’s laggards included Involys, which plummeted by 6.19 points to close at 98.50. Societe des Boissons du Maroc SA fell by 2.97 points, settling at 2,513.00, while Stokvis Nord Afrique saw a decrease of 2.80 points to close at 15.62.

On the Casablanca Stock Exchange, declining stocks outnumbered those that advanced, with a ratio of 34 to 12, while 8 shares remained unchanged.

In the commodities market, crude oil for November delivery rose by 1.65%, priced at $71.53 per barrel. Similarly, Brent oil for December delivery climbed by 1.53%, reaching $74.33 per barrel. The December Gold Futures contract also increased by 0.65%, trading at $2,669.70 per troy ounce.

In currency exchange rates, the euro strengthened against the Moroccan dirham, rising by 0.15% to 10.78, while the US dollar appreciated by 0.08%, reaching 9.70. Meanwhile, the US Dollar Index Futures declined by 0.27%, settling at 100.29.