Morocco stocks higher at close of trade; Moroccan All Shares up 0.47%

Morocco's stock market rose after trading closed on Tuesday, as gains in the Banking, Beverage, and Transport sectors pushed shares higher. At the conclusion of the trading day in Casablanca, the Moroccan All Shares increased by 0.47%. Among the top performers, Alliances (CSE:ADI) saw a 4.87% rise or 18.95 points, closing at 408.45.

Med Paper (CSE:MDP) gained 3.38% or 0.80 points, ending at 24.50, while Maghreb Oxygene (CSE:MOX) climbed 3.17% or 12.00 points to reach 390.00. The underperformers of the session included Societe des Boissons du Maroc SA (CSE:SBM), which dropped 4.04% or 85.00 points to 2,020.00, Zellidja S.A (CSE:ZDJ) with a 3.68% decline or 10.00 points to 262.00, and Sanlam Maroc SA (CSE:SAH) down 2.98% or 91.00 points to 2,964.00.

There were 36 stocks that rose and 22 that fell on the Casablanca Stock Exchange, with 4 remaining unchanged. Meanwhile, crude oil for November delivery decreased by 1.21% or 1.12 to $91.25 per barrel, while Brent oil for the same delivery date fell 0.32% or 0.32 to $100.02 per barrel. December Gold Futures declined 0.15% or 6.73 to $4,377.17 per troy ounce.

The European to Moroccan Dirham (EUR/MAD) exchange rate increased by 0.09% to 10.95, and the US Dollar Index Futures rose by 0.15% to 100.30.