Morocco stocks higher at close of trade; Moroccan All Shares up 0.57%

Moroccan stocks closed higher on Tuesday, as gains in specific sectors drove the Moroccan All Shares up 0.57%. The Banking, Beverage, and Transport industries led the upward trend. Med Paper, Marocaine Ste de Therapeutique SA, and Total Maroc SA were the top gainers, with Med Paper surging 3.91% to 25.50, Marocaine Ste de Therapeutique SA increasing 3.17% to 361.20, and Total Maroc SA rising 2.60% to 1,539.00.

Conversely, CTM, IB Maroc Com SA, and Aluminum du Maroc SA were the worst performers, with CTM falling 3.03% to 865.00, IB Maroc Com SA declining 2.83% to 58.30, and Aluminum du Maroc SA decreasing 2.70% to 1,800.00. The number of rising stocks exceeded declining ones, with 31 outperforming and 23 underperforming. Seven stocks finished unchanged.

Commodity prices also saw a rise, with crude oil for October delivery up 1.61% to $92.95 a barrel, Brent oil for November delivery advancing 0.92% to $97.89, and the December Gold Futures contract falling 0.62% to $4,449.01. Exchange rates showed a slight dip, with EUR/MAD at 10.94 and USD/MAD at 9.38, while the US Dollar Index Futures fell 0.36% to 98.79.