Morocco Stocks Fall as All Shares Dip; Oil Prices Increase

Mark Eisenberg
Photo: Finoracle.net

Morocco Stocks Lower at Close; Moroccan All Shares Down 0.39%

At the close of trading in Casablanca on Thursday, Morocco stocks ended lower, with the Moroccan All Shares index falling by 0.39%. This decline was driven by losses in various sectors.

Top Performers

Despite the overall market downturn, some companies saw significant gains:

  • Societe Equipement Domestique et Menager SA: This company’s stock soared by 8.24%, gaining 93.00 points to close at 1,221.00.
  • Realis. Mecaniques: The company experienced a rise of 5.90%, adding 6.00 points to end at 107.70.
  • Auto Hall: It was up 4.11%, increasing by 2.90 points to close at 73.50 in late trade.

Worst Performers

On the flip side, several companies faced notable losses:

  • Marocaine pour le Commerce et l’Industrie Banque SA: The stock dropped by 4.76%, losing 30.00 points to end at 600.00.
  • Aradei Capital SA: Declined by 4.69%, falling 23.90 points to finish at 486.10.
  • CDM: Down by 4.56%, decreasing by 42.00 points to close at 880.00.

Market Breadth

The overall market saw more falling stocks than rising ones:

  • Falling stocks: 24
  • Advancing stocks: 19
  • Unchanged stocks: 14

Commodities Update

In the commodities market, notable movements were seen:

  • Crude Oil for August Delivery: Up by 0.82%, rising 0.66 to trade at $81.37 per barrel.
  • Brent Oil for August Delivery: Gained 0.91%, up 0.77 to hit $85.84 per barrel.
  • August Gold Futures Contract: Increased by 1.06%, up 24.95 to trade at $2,371.85 per troy ounce.

Forex Market Update

In the forex market, the following changes were observed:

  • EUR/MAD: Down by 0.45% to 10.68.
  • USD/MAD: Fell by 0.14% to 9.95.

The US Dollar Index Futures was up by 0.29%, trading at 105.18.

Stay tuned for more updates on Morocco stocks and other financial news.

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Mark Eisenberg is a financial analyst and writer with over 15 years of experience in the finance industry. A graduate of the Wharton School of the University of Pennsylvania, Mark specializes in investment strategies, market analysis, and personal finance. His work has been featured in prominent publications like The Wall Street Journal, Bloomberg, and Forbes. Mark’s articles are known for their in-depth research, clear presentation, and actionable insights, making them highly valuable to readers seeking reliable financial advice. He stays updated on the latest trends and developments in the financial sector, regularly attending industry conferences and seminars. With a reputation for expertise, authoritativeness, and trustworthiness, Mark Eisenberg continues to contribute high-quality content that helps individuals and businesses make informed financial decisions.​⬤