Morocco Stock Market Update

Investing.com – Morocco stocks were higher after the close on Wednesday, as gains in the Real Estate, Banking, and Pharmaceutical Industry sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.92%.

Best Performers

The best performers of the session on the Moroccan All Shares were:
– Realis. Mecaniques (CSE:SRM): rose 5.46% or 23.30 points to trade at 449.85.
– Taqa Morocco SA (CSE:TQM): added 3.23% or 50.00 points to end at 1,599.00.
– Jet Contractors (CSE:JET): up 3.13% or 36.00 points to 1,186.00 in late trade.

Worst Performers

The worst performers of the session included:
– Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI): fell 6.02% or 36.00 points to trade at 560.00.
– Cartier Saada (CSE:CRS): declined 5.47% or 1.98 points to end at 34.25.
– SMI (CSE:SMI): down 3.00% or 65.00 points to 2,105.00.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 26 to 18, with 6 ending unchanged.

Shares in Taqa Morocco SA (CSE:TQM) rose to all-time highs, increasing 3.23% or 50.00 to 1,599.00.

Commodities Overview

• Crude oil for November delivery was down 0.90% or 0.66 to $72.91 a barrel.
• Brent oil for December delivery fell 1.06% or 0.82 to hit $76.36 a barrel.
• December Gold Futures contract decreased 0.07% or 1.90 to trade at $2,633.50 a troy ounce.

Currency Exchange

• EUR/MAD was down 0.10% to 10.76.
• USD/MAD rose 0.06% to 9.81.

The US Dollar Index Futures was up 0.22% at 102.53.