Moroccan Stock Market Update

Investing.com – Morocco stocks were higher after the close on Thursday, driven by gains in the Invest Companies & Other Finance, Pharmaceutical Industry, and Construction & Building Materials sectors.

At the close in Casablanca, the Moroccan All Shares rose by 0.62%, reaching a new 5-year high.

Best Performers

The top performers of the session on the Moroccan All Shares were:
– Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR): rose 7.88% (4.72 points) to trade at 64.60.
– Jet Contractors (CSE:JET): added 6.52% (56.90 points) to end at 930.00.
– Societe d’Exploitation des Ports SA (CSE:MSA): up 5.63% (22.80 points) to 427.80.

Worst Performers

The worst performers of the session were:
– Cartier Saada (CSE:CRS): fell 3.68% (1.39 points) to 36.40.
– S2M (CSE:S2M): declined 2.94% (7.00 points) to 231.00.
– Stokvis Nord Afrique (CSE:SNA): down 2.63% (0.42 points) to 15.58.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 31 to 20, with 5 ending unchanged.

Highlights

• Jet Contractors and Societe d’Exploitation des Ports SA reached all-time highs, with increases of 6.52% and 5.63% respectively.
• Crude oil for November delivery decreased 2.27% ($1.58) to $68.11 a barrel.
• Brent oil for December fell 2.03% ($1.48) to $71.42 a barrel.
• December Gold Futures rose 0.19% ($5.15) to $2,689.85 a troy ounce.

Currency Exchange Rates

• EUR/MAD: down 0.14% to 10.79
• USD/MAD: fell 0.06% to 9.67

The US Dollar Index Futures was down 0.27% at 100.35.