Morocco Stock Market Update

Morocco stocks closed lower on Thursday, impacted by losses in the Utilities, Mining, and Insurance sectors.

• At the close in Casablanca, the Moroccan All Shares fell 0.14%.

Top Performers

• Taqa Morocco SA (CSE:TQM) rose 3.46% (46.00 points) to 1,376.00.
• Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) increased 1.84% (11.00 points) to 580.00.
• Risma (CSE:RIS) was up 1.75% (3.95 points) to 230.00.

Worst Performers

• M2M Group (CSE:M2M) fell 4.91% (28.50 points) to 551.50.
• Residences Dar Saada SA (CSE:RDS) declined 3.05% (2.45 points) to 78.00.
• Wafa Assurance (CSE:WAA) was down 2.96% (131.00 points) to 4,299.00.

Overall, rising stocks outnumbered declining ones by 23 to 21, with 6 remaining unchanged.

Commodities Update

• Crude oil (January) fell 1.37% ($0.96) to $69.33 per barrel.
• Brent oil (February) decreased 1.07% ($0.79) to $72.73 per barrel.
• Gold (February) futures dropped 1.76% ($48.54) to $2,708.16 per troy ounce.

Currency Update

• EUR/MAD increased 0.06% to 10.48.
• USD/MAD declined 0.07% to 9.98.
• The US Dollar Index Futures was down 0.04% at 106.35.