Morocco stocks lower at close of trade; Moroccan All Shares down 0.46%

Morocco's stock market saw a decline at the close of trade on Monday, with the Moroccan All Shares falling 0.46%. The Utilities, Banking, and Mining sectors were among the main contributors to the losses. Despite this overall downward trend, some individual stocks managed to perform well. IB Maroc Com SA rose 9.07% to 60.00, while Mutandis SCA and Disway SA each gained 5.91% and 5.56% respectively.

However, Cartier Saada, Maghrebail, and Micro Data SA were among the biggest losers of the day, with declines of 3.24%, 2.79%, and 2.58% respectively. Advancing stocks were outnumbered by falling ones on the Casablanca Stock Exchange by a ratio of 38 to 22, with seven stocks ending unchanged. Crude oil prices for October delivery rose 1.93% to $93.25 a barrel, while Brent oil for November delivery increased by 1.77% to $97.98 a barrel.

Gold Futures for December also experienced a slight decline of 0.41% to $4,458.39 per troy ounce. The EUR/MAD currency pair saw a slight increase of 0.14% to 10.91, while the USD/MAD rose by 0.39% to 9.40. The US Dollar Index Futures experienced a minor decline of 0.29% at 98.86.