Moroccan Stocks Rise to New Heights

Investing.com – Moroccan stocks experienced a boost after the market closed on Thursday, driven by gains in the Chemicals, Holding Companies, and Transport sectors.

At the close in Casablanca, the Moroccan All Shares increased by 1.33%, reaching a new 5-year high.

Best Performers

• Realis. Mecaniques (CSE:SRM): +10.00% (52.60 points) to 578.80
• Maghreb Oxygene (CSE:MOX): +9.81% (20.95 points) to 234.50
• Attijariwafa Bank (CSE:ATW): +3.33% (18.20 points) to 565.00

Worst Performers

• SMI (CSE:SMI): -4.31% (99.00 points) to 2,200.00
• S2M (CSE:S2M): -3.69% (8.45 points) to 220.55
• IB Maroc Com SA (CSE:IBC): -2.44% (0.85 points) to 34.05

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange with 37 gaining and 17 losing, while 4 remained unchanged.

Shares in Attijariwafa Bank (CSE:ATW) reached all-time highs, increasing by 3.33% (18.20 points) to 565.00.

Commodities Overview

• Crude oil (December delivery): -1.00% (0.72) to $70.97 per barrel
• Brent oil (January delivery): -0.89% (0.67) to $74.25 per barrel
• December Gold Futures: +1.01% (27.00) to $2,703.30 per troy ounce

Currency Exchange Rates

• EUR/MAD: +0.55% to 10.64
• USD/MAD: Unchanged at 9.89

US Dollar Index Futures

• Down 0.77% at 104.18