Morocco stocks lower at close of trade; Moroccan All Shares down 0.34%

Morocco's stock market closed lower on Wednesday, with the Moroccan All Shares index falling 0.34%. The decline was driven by losses in the Utilities, Banking, and Mining sectors. Marocaine Ste de Therapeutique SA emerged as the top gainer, rising 5.83% to 379.50 points, while Zellidja S.A added 5.45% to close at 319.00. Managem also performed well, increasing 2.95% to 1,745.00.

On the downside, Med Paper suffered the biggest loss, dipping 5.48% to 24.50 points, followed by CIH falling 3.09% to 337.00, and Ennakl Automobiles dropping 1.61% to 49.00. Advancing stocks outnumbered decliners 37 to 18, with eight stocks remaining unchanged. CIH shares hit their lowest level in 52 weeks, closing at 337.00 after a 3.09% decline.

Commodities also played a role in the trading session. Crude oil for October delivery increased by 0.57% to $90.73 per barrel. Brent oil for November delivery rose by 0.82% to $95.43 per barrel, while December Gold Futures climbed 0.60% to $4,422.91 per troy ounce. The EUR/MAD exchange rate saw a 0.20% increase to 10.84, with USD/MAD remaining unchanged at 9.33. The US Dollar Index Futures declined by 0.16% to 99.47.