Moroccan Stock Market Update

Investing.com – Morocco stocks were higher after the close on Friday, as gains in the Software & Computer Services, Construction & Building Materials, and Food Producers & Processors sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.09%.

Best Performers

The best performers of the session on the Moroccan All Shares were:
– Jet Contractors (CSE:JET): rose 9.91% or 105.00 points to trade at 1,165.00.
– Taqa Morocco SA (CSE:TQM): gained 2.76% or 40.00 points to end at 1,490.00.
– Hps (CSE:HPS): up 2.61% or 15.00 points to 590.00 in late trade.

Worst Performers

The worst performers of the session were:
– Societe des Boissons du Maroc SA (CSE:SBM): fell 5.59% or 142.00 points to trade at 2,400.00.
– Marocaine Ste de Therapeutique SA (CSE:SOT): declined 4.50% or 43.00 points to end at 912.00.
– Fenie Brossette (CSE:FBR): down 3.80% or 4.15 points to 105.10.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 26 to 19, with 5 ending unchanged.

Notable Highlights

• Shares in Jet Contractors (CSE:JET) rose to all-time highs, climbing 9.91%.
• Taqa Morocco SA (CSE:TQM) also reached all-time highs with a 2.76% increase.
• Marocaine Ste de Therapeutique SA (CSE:SOT) fell to 3-year lows with a 4.50% decrease.

Commodities Update

• Crude oil for November delivery was up 1.33% or 0.98 to $74.69 a barrel.
• Brent oil for December delivery rose 1.16% or 0.90 to $78.52 a barrel.
• December Gold Futures rose 0.33% or 8.85 to trade at $2,688.05 a troy ounce.

Currency Exchange Rates

• EUR/MAD was unchanged at 10.79.
• USD/MAD rose 0.08% to 9.78.

The US Dollar Index Futures was up 0.53% at 102.29.