Moroccan Stock Market Sees Positive Gains
On Tuesday, Moroccan equities closed on a high note, buoyed by substantial gains across the Banking, Beverage, and Transport sectors. The Moroccan All Shares index recorded an increase of 0.72%, signaling a robust performance in the local market. Among the standout performers was S2M (CSE:S2M), which surged by an impressive 7.19%, equating to a rise of 36.90 points, concluding the day at 550.00. Marocaine Ste de Therapeutique SA (CSE:SOT) also experienced a notable uptick, climbing 4.84% or 76.00 points to finish at 1,647.00. Additionally, Aluminum mar 1l (CSE:ALM) saw its shares rise by 4.82%, translating to 80.00 points, ultimately trading at 1,740.00 during late trading hours.
Conversely, some stocks faced downward pressure, with Fenie Brossette (CSE:FBR) suffering a loss of 2.91% or 9.00 points, closing at 300.00. Compagnie Sucrerie Marocaine et de Raffinage SA (CSE:CSR) experienced a decline of 2.56%, down 5.00 points to finish at 190.00, while Delta Holding S.A (CSE:DHO) shed 1.70%, equating to a drop of 0.95 points, closing at 55.00. Overall, advancing stocks outnumbered declining ones by a ratio of 36 to 13, with 9 stocks remaining unchanged on the Casablanca Stock Exchange.
Commodity Market Overview
In the commodities market, crude oil prices saw a significant rise, with May delivery futures increasing by 2.31%, or $2.14, to reach $94.60 per barrel. Brent oil for May delivery also climbed, rising 2.28% to settle at $102.49 per barrel. In contrast, the April Gold Futures contract experienced a slight dip, falling by 0.07% or $3.29, trading at $4,998.91 per troy ounce. Currency movements reflected a mixed sentiment; the EUR/MAD exchange rate increased by 0.06% to 10.79, while the USD/MAD slipped by 0.21% to 9.37. Additionally, the US Dollar Index Futures saw a minimal decline of 0.05%, resting at 99.42.
As reported by uk.investing.com.
