In the latest trading session, Morocco's stock market faced a downturn, with the Moroccan All Shares index closing lower by 0.22%. This decline was primarily driven by significant losses in key sectors including Utilities, Banking, and Mining. As investors navigated a challenging landscape, the overall sentiment on the Casablanca Stock Exchange reflected a cautious approach, with a notable disparity between advancing and declining stocks.
Among the few bright spots during this trading day, IB Maroc Com SA (CSE:IBC) emerged as a standout performer, achieving a remarkable increase of 5.08%, translating to a rise of 3.00 points, closing at 62.00. Additionally, Miniere Touissit (CSE:CMT) saw a commendable gain of 2.04%, adding 90.00 points to reach an impressive 4,493.00, marking an all-time high for the company. Bmce Bank (CSE:BOA) also contributed positively, closing up by 1.69% or 3.45 points at 207.00.
Conversely, the session revealed several underperformers, with Cartier Saada (CSE:CRS) leading the declines, dropping 4.14% or 1.30 points to settle at 30.10. Fenie Brossette (CSE:FBR) experienced a decline of 3.90%, down 11.90 points to 293.00, while Residences Dar Saada SA (CSE:RDS) fell by 3.37%, dropping 4.95 points to close at 142.05. Overall, the market exhibited a pronounced trend, with 37 stocks declining compared to only 13 advancing, while 11 remained unchanged.
In the commodities market, crude oil prices saw a significant rise, with May delivery contracts increasing by 8.62% or 8.14 to reach $102.55 per barrel. Similarly, Brent oil for June delivery rose by 4.99%, climbing 4.73 to hit $99.48 per barrel, while gold futures for June experienced a slight increase of 0.22%, trading at $4,787.65 per troy ounce. Currency exchanges showed EUR/MAD stable at 10.87, and USD/MAD unchanged at 9.31, while the US Dollar Index Futures dipped by 0.14% to 98.79.
As reported by investing.com.
