Morocco Stock Market Update

Investing.com – Morocco stocks were higher after the close on Thursday, with gains in the Chemicals, Banking, and Real Estate sectors leading shares upward.

At the close in Casablanca, the Moroccan All Shares rose 0.89%.

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): up 5.64% or 2.48 points to 46.47.
– Nationale d’Electrolyse et de Petrochimie Ste SA (CSE:SNP): added 4.28% or 23.00 points to 560.00.
– Alliances (CSE:ADI): up 4.04% or 17.10 points to 440.00 in late trade.

Worst Performers

The worst performers of the session were:
– Societe des Boissons du Maroc SA (CSE:SBM): fell 6.13% or 147.00 points to 2,250.00.
– Wafa Assurance (CSE:WAA): declined 3.63% or 164.00 points to 4,351.00.
– Label Vie (CSE:LBV): down 3.15% or 135.00 points to 4,152.00.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 23 to 20, while 12 ended unchanged.

Shares of Alliances (CSE:ADI) rose to 5-year highs, increasing by 4.04% or 17.10 to 440.00.

Commodities Trading

Crude oil for January delivery was up 0.42% or 0.29 to $68.83 a barrel. In commodities trading, Brent oil for February rose 0.43% or 0.31 to hit $72.62 a barrel, while February Gold Futures fell 0.60% or 15.96 to $2,660.24 a troy ounce.

Currency Exchange

• EUR/MAD was down 0.13% to 10.47.
• USD/MAD fell 0.08% to 9.94.

The US Dollar Index Futures was down 0.42% at 105.84.