Morocco Stocks Dip: All Shares Index Down 0.20%

Morocco Stocks Lower at Close of Trade; Moroccan All Shares Down 0.20%

At the close of trading in Casablanca on Monday, Moroccan stocks saw a decline with the Moroccan All Shares index down by 0.20%. This dip was driven by losses in several key sectors.

Top Performers of the Session

Despite the overall downturn, some companies showed strong performance:

1. Zellidja S.A: The stock rose by 5.99%, adding 4.26 points to close at 75.36.
2. Fenie Brossette: The share price went up by 4.95%, increasing 5.00 points to end at 106.00.
3. Micro Data SA: The stock was up by 4.12%, gaining 26.00 points to close at 657.00.

Worst Performers of the Session

On the downside, several companies faced significant losses:

1. Wafa Assurance: Shares fell by 2.47%, losing 100.00 points to trade at 3,950.00.
2. CTM: The stock declined by 2.24%, dropping 15.10 points to end at 657.90.
3. CFG Bank SA: Shares decreased by 2.00%, down 3.20 points to 156.80.

Notably, shares in Wafa Assurance hit a 52-week low, falling 2.47% to 3,950.00.

Commodities Trading

In the commodities market:

• Crude oil for August delivery increased by 1.17%, or 0.91, to $78.96 a barrel.
• Brent oil for August delivery rose by 1.04%, or 0.86, to $83.48 a barrel.
• In contrast, the August Gold Futures contract fell by 0.46%, or 10.85, trading at $2,338.25 per troy ounce.

Forex Update

The currency market also saw some changes:

• EUR/MAD (Euro/Moroccan Dirham) was down 0.45% to 10.70.
• USD/MAD (US Dollar/Moroccan Dirham) decreased by 0.35% to 9.99.
• The US Dollar Index Futures saw a slight decline of 0.03%, standing at 105.13.

Key Takeaways

• The Casablanca Stock Exchange experienced more falling stocks than advancing ones.
• Significant performance variations were seen among individual stocks.
• Commodity prices showed mixed trends, with increases in oil but a decrease in gold prices.
• The Moroccan Dirham fell against both the Euro and the US Dollar.

Overall, while some Moroccan stocks managed to perform well, the general trend in the market on Monday was downward. Keep an eye on the Moroccan All Shares index and major stocks like Wafa Assurance to understand future market directions.