Moroccan Stock Market Performance
On Wednesday, the Moroccan stock market concluded with a notable increase, driven predominantly by robust performances in the Banking, Beverage, and Transport sectors. As a result, the Moroccan All Shares index recorded a gain of 1.51% at the close of trading in Casablanca. Among the standout performers, LafargeHolcim Maroc (CSE:LHM) emerged as a leader, surging by an impressive 9.94%, equating to an increase of 159.00 points, bringing its trading price to 1,759.00. Similarly, Societe des Boissons du Maroc SA (CSE:SBM) saw a significant rise of 9.45%, or 188.00 points, closing at 2,178.00, while Ciments Du Maroc (CSE:CMA) followed suit with a 9.31% increase, translating to 149.00 points and ending the day at 1,749.00.
Conversely, the session also witnessed some declines, with Miniere Touissit (CSE:CMT) declining by 4.21%, or 145.00 points, to close at 3,300.00. Fenie Brossette (CSE:FBR) experienced a drop of 3.28%, down 10.50 points to finish at 310.00, and Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR) saw a decrease of 2.94%, down 5.00 points to end at 165.00. Overall, the market displayed a positive sentiment with 39 stocks advancing compared to 17 declining, while 3 remained unchanged.
Commodity Prices and Currency Exchange Rates
In the commodities market, crude oil prices for April delivery saw a significant increase of 5.98%, rising by 4.99 to reach $88.44 per barrel. Similarly, Brent oil for May delivery climbed 5.97%, gaining 5.24 to settle at $93.04 per barrel. However, the April Gold Futures contract witnessed a decline of 1.32%, dropping 69.25 to trade at $5,172.85 per troy ounce. In foreign exchange, the EUR/MAD remained stable with a marginal change of 0.02% to 10.86, while the USD/MAD appreciated by 0.43% to 9.37. The US Dollar Index Futures also experienced an uptick, rising by 0.48% to 99.29.
As reported by investing.com.
