Moroccan Stock Market Overview
On Thursday, the Moroccan stock market experienced a downturn, with the Moroccan All Shares index closing down by 0.10%. This decline was primarily driven by losses in key sectors including Utilities, Banking, and Mining. The market's performance reflected a broader trend of falling stocks, which outnumbered the advancers by a slim margin of 27 to 26, with 7 stocks remaining unchanged at the end of the trading session.
Among the notable performers on the Moroccan All Shares, Involys (CSE:INV) stood out, achieving a significant increase of 7.59%, equivalent to 11.00 points, closing at 156.00. Similarly, SMI (CSE:SMI) experienced a notable gain of 5.99%, rising 551.00 points to reach an all-time high of 9,750.00. Residences Dar Saada SA (CSE:RDS) also made a positive impact, climbing 5.63% or 9.70 points to finish at 181.90.
Conversely, the session saw some stocks struggling, with CTM (CSE:CTM) witnessing a decline of 2.32%, dropping 21.00 points to close at 886.00. Hps (CSE:HPS) and Bmce Bank (CSE:BOA) also faced challenges, with declines of 2.14% and 1.90%, respectively.
Commodity Prices and Currency Fluctuations
In the commodities market, crude oil prices experienced a notable drop, with June delivery crude falling by 3.63%, or 3.45 points, to $91.63 per barrel. Brent oil for July delivery mirrored this trend, decreasing by 3.52% to $97.71 per barrel. In contrast, gold futures saw a rise, with the June contract increasing by 1.61% or 75.44 points, trading at $4,769.74 per troy ounce. Currency exchange rates also reflected fluctuations, as the EUR/MAD dipped by 0.36% to 10.78 and the USD/MAD fell by 0.66% to 9.13. The US Dollar Index Futures registered a slight decline of 0.18%, settling at 97.70.
As reported by investing.com.
