Moroccan Stock Market Overview
The Moroccan stock market experienced a downturn this Thursday, with the Moroccan General Index recording a slight decline of 0.00%. This dip was primarily driven by setbacks in key sectors including utilities, banking, and mining, which collectively pressured the market indices lower. Notably, at the conclusion of trading in Casablanca, the index reflected the overall market sentiment as it struggled to maintain positive momentum.
Among the stocks that stood out during the session, Stokvis Nord (CSE:SNA) showed remarkable performance, climbing by 4.93%, which translates to an increase of 3.64 points, ultimately closing at 77.50. Following closely were Alliances (CSE:ADI) and LafargeHolcim Maroc (CSE:LHM), which rose by 3.97% and 2.22%, respectively. Alliances gained 14.95 points to reach a closing price of 391.95, while LafargeHolcim Maroc added 40.00 points, finishing the day at 1,840.00.
Conversely, the most significant decline was observed in Fenie Brossette (CSE:FBR), which fell by 2.83%, equating to a loss of 8.50 points, ending the session at 291.50. Other notable losers included Managem SA (CSE:MNG), which decreased by 2.50% to close at 16,550.00, and Mutandis SCA (CSE:MUT), which saw a reduction of 2.09%, ending at 230.00. Overall, advancing stocks outnumbered declining ones in the Casablanca Stock Exchange by a margin of 27 to 21, with 7 remaining unchanged.
Commodity Market Trends
In the commodities market, crude oil futures for July delivery fell by 3.11%, or $2.99, settling at $93.03 per barrel. Brent oil futures for August also saw a decline of 2.63%, or $2.57, closing at $95.24 per barrel. On a more positive note, gold futures for August delivery increased by 0.71%, or $31.82, reaching $4,498.72 per troy ounce. Additionally, the EUR/MAD currency pair gained 0.11%, now standing at 10.70, while the USD/MAD experienced a slight dip of 0.09%, closing at 9.21. The dollar index itself fell by 0.20%, bringing it down to 99.31.
As reported by mx.investing.com.
