Moroccan Stock Market Update

Investing.com – Morocco stocks were higher after the close on Wednesday, as gains in the Distributors, Invest Companies & Other Finance, and Construction & Building Materials sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.19%.

Best Performers

The best performers of the session on the Moroccan All Shares were:
– Societe d’Exploitation des Ports SA (CSE:MSA): rose 4.37% or 22.10 points to trade at 528.10.
– Maghreb Oxygene (CSE:MOX): added 4.17% or 10.00 points to end at 250.00.
– Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI): up 3.14% or 18.00 points to 588.00 in late trade.

Worst Performers

The worst performers of the session were:
– Realis. Mecaniques (CSE:SRM): fell 9.98% or 62.90 points to trade at 567.10.
– Colorado (CSE:COL): declined 5.09% or 2.69 points to end at 50.21.
– Total Maroc SA (CSE:TMA): down 3.57% or 57.00 points to 1,540.00.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 30 to 16, while 9 ended unchanged.

Shares in Societe d’Exploitation des Ports SA (CSE:MSA) rose to all-time highs, gaining 4.37% or 22.10 to 528.10. Shares in Maghreb Oxygene (CSE:MOX) reached 52-week highs, gaining 4.17% or 10.00 to 250.00.

Commodities Update

Crude oil for December delivery was down 1.19% or 0.81 to $67.31 a barrel. Elsewhere in commodities trading:
– Brent oil for January fell 1.07% or 0.77 to hit $71.12 a barrel.
– The December Gold Futures contract fell 0.07% or 1.90 to trade at $2,604.40 a troy ounce.

Forex Update

• EUR/MAD was up 0.40% to 10.58.
• USD/MAD rose 0.29% to 9.95.

The US Dollar Index Futures was up 0.37% at 106.35.