Morocco stocks higher at close of trade; Moroccan All Shares up 0.44%

Moroccan stocks experienced a positive close on Friday, with the Moroccan All Shares increasing by 0.44%. The Banking, Beverage, and Transport sectors contributed to the gains, resulting in higher stock prices throughout the session. Wafa Assurance (CSE:WAA) led the gains, surging 9.44% or 470.00 points to reach 5,450.00 at the close.

Ciments Du Maroc (CSE:CMA) and Itissalat Al-Maghrib (CSE:IAM) also performed well, gaining 3.24% or 55.00 points and 2.50% or 2.40 points respectively. Conversely, Marocaine Ste de Therapeutique SA (CSE:SOT) struggled, declining 9.81% or 37.00 points to close at 340.00, while Disway SA (CSE:DWY) and Fenie Brossette (CSE:FBR) saw declines of 8.37% and 4.55% respectively.

The Casablanca Stock Exchange saw more stocks rise than fall, with 30 outperforming and 24 underperforming, leaving 8 unchanged. Disway SA's shares reached a 52-week low, dropping 8.37% or 64.00 to 701.00. Crude oil prices for October delivery decreased by 1.10% or 1.00 to $90.30 per barrel, while Brent oil for November delivery fell by 0.46% or 0.44 to $95.08.

December Gold Futures also experienced a drop of 1.25% or 56.66, trading at $4,483.24 per troy ounce. Currency fluctuations saw the EUR/MAD remain unchanged at 10.88, and the USD/MAD increased by 0.27% to 9.38. The US Dollar Index Futures rose by 0.21% to 99.09.