Morocco Stocks Rise at Market Close; Moroccan All Shares Increase by 0.55%

Morocco’s stock market experienced gains following Friday’s close, driven by positive performances in several sectors.

At the close in Casablanca, the index increased by 0.55%, reaching a new five-year high.

Leading the session’s gains were Colorado, which saw a rise of 6.71%, or 3.39 points, closing at 53.89. Atlanta followed closely, up 5.34% or 7.10 points to finish at 140.10, while Societe d’Exploitation des Ports SA climbed 5.19% or 22.20 points, closing at 450.00.

On the downside, Societe des Boissons du Maroc SA was the biggest loser, dropping 9.95% or 258.00 points to end the day at 2,334.00. Ste de Travaux de Realisation d’Ouvrages et de Construction Industielle SA fell by 3.91% or 2.50 points, finishing at 61.50, and Risma declined by 2.83% or 6.40 points to close at 220.00.

Overall, advancing stocks outnumbered declining ones on the Casablanca Stock Exchange, with 31 gains compared to 21 losses, and 3 stocks remaining unchanged.

Societe d’Exploitation des Ports SA reached an all-time high, gaining 5.19%, or 22.20 points, to close at 450.00.

In commodity markets, crude oil for November delivery rose by 0.15%, trading at $67.77 per barrel. Brent oil for December delivery remained steady at $71.09 per barrel, while December Gold Futures declined by 0.93% to $2,669.90 per troy ounce.

In currency exchanges, the EUR/MAD rose by 0.37% to 10.83, and USD/MAD increased by 0.06% to 9.68. Meanwhile, the US Dollar Index Futures decreased by 0.08%, settling at 100.16.