Morocco Stocks Higher at Close of Trade; Moroccan All Shares Up 0.20%
Casablanca, Wednesday – Morocco's stock market ended the day on a positive note with the Moroccan All Shares index rising by 0.20%. This increase is thanks to gains across various sectors.
Top Performers of the Day
- Managem was the star performer of the day, seeing a significant rise of 7.39% or 170.00 points to finish at 2,470.00. This marks the highest level for Managem in the past 52 weeks.
- CDM added 5.98% or 52.00 points, closing at 922.00. This is a 5-year high for CDM.
- S2M also witnessed a notable increase, up 5.93% or 9.90 points, ending at 176.95.
Worst Performers of the Day
- Afriquia Gaz saw the largest decline, falling 3.12% or 129.00 points to trade at 4,000.00.
- Nationale d’Electrolyse et de Petrochimie Ste SA dropped 2.85% or 14.80 points, concluding the day at 505.10.
- CTM experienced a dip of 2.42% or 15.90 points to close at 642.00.
Market Overview
In general, more stocks were on the rise than in decline on the Casablanca Stock Exchange. Out of all the stocks traded, 25 increased while 19 saw a decline, and 7 remained unchanged.
Commodity Market Update
- Crude oil for August delivery saw a rise of 0.55%, up to $81.15 per barrel.
- Brent oil for August delivery also increased by 0.59%, reaching $85.83 per barrel.
- In contrast, Gold Futures for August delivery decreased by 0.25%, trading at $2,341.00 per troy ounce.
Currency Exchange Rates
- EUR/MAD (Euro to Moroccan Dirham) went up by 0.11% to 10.72.
- USD/MAD (US Dollar to Moroccan Dirham) fell by 0.19% to 9.98.
- The US Dollar Index Futures experienced a slight drop of 0.06%, closing at 104.81.
This positive closing at the Casablanca Stock Exchange reflects investor confidence and the robustness of various sectors within the Moroccan economy.
Note: The upward trend in stocks like Managem, CDM, and S2M signals significant investor interest and growth potential in these companies.
