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.
