Moroccan Stock Market Overview
On Monday, the Moroccan stock market displayed a positive trend as it closed higher, buoyed by notable advancements in the Banking, Beverage, and Transport sectors. The Moroccan All Shares index made modest gains, increasing by 0.02%, which reflects a growing confidence among investors in the local market.
Sector Performance and Notable Stocks
Among the standout performers during the trading session, Realis. Mecaniques (CSE:SRM) saw a significant surge of 7.50%, gaining 35.80 points to finish at 513.00. This was complemented by CIH (CSE:CIH), which climbed 3.99% or 14.00 points, closing at 365.00, and Marocaine Ste de Therapeutique SA (CSE:SOT), which increased by 3.59% or 61.00 points to reach 1,761.00 in late trading. On the flip side, the session was not as favorable for S2M (CSE:S2M), which dropped by 3.25% or 19.50 points, ending at 580.50. Other laggards included Risma (CSE:RIS) and CFG Bank SA (CSE:CFG), which fell by 1.91% and 1.83%, respectively.
The broader market sentiment was reflected in the trading statistics, with rising stocks outpacing declining ones on the Casablanca Stock Exchange, where 30 stocks advanced compared to 22 that retreated, while 7 remained unchanged. In the commodities market, crude oil saw a robust increase, with June delivery rising by 2.71% to $96.96 per barrel. Additionally, Brent oil for July delivery climbed 2.81%, reaching $101.92. Conversely, gold futures for June experienced a decline, falling by 1.17% to $4,685.59 per troy ounce. Currency exchange rates showed the EUR/MAD increasing by 0.25% to 10.85, and USD/MAD rising by 0.18% to 9.25, while the US Dollar Index Futures dipped slightly by 0.17% to 98.20.
As reported by investing.com.
