Morocco stocks higher at close of trade; Moroccan All Shares up 0.08%

Moroccan stocks closed the trading day higher on Monday, with the Moroccan All Shares gaining 0.08%. The Banking, Beverage, and Transport sectors drove the gains. M2M Group (CSE:M2M) was the top performer, surging 3.70% or 14.80 points to reach 414.80 per share. Afric Industries Sa (CSE:AFI) and Lesieur Cristal (CSE:LES) also saw gains of 2.42% and 2.23% respectively, closing at 338.00 and 321.00 per share.

The worst performers were Zellidja S.A (CSE:ZDJ), down 5.97% to 310.30, Cartier Saada (CSE:CRS) declining 4.72% to 24.00, and Involys (CSE:INV) slipping 4.38% to 131.00. On the Casablanca Stock Exchange, 32 stocks fell, while 21 rose and 9 remained unchanged. Oil prices saw a slight increase; October crude oil for delivery rose 0.16% to $81.60 per barrel, and Brent oil for October also climbed 0.16% to $88.66.

Gold Futures for December also increased by 0.83% to $4,473.97 per troy ounce. The exchange rates saw slight fluctuations too, with EUR/MAD up by 0.25% to 10.74, and USD/MAD rising 0.22% to 9.30. The US Dollar Index Futures fell by 0.13% at 99.43.