Morocco stocks lower at close of trade; Moroccan All Shares down 0.47%

Moroccan stocks experienced a decline after the close of trade on Thursday, with the Moroccan All Shares falling by 0.47%. The Utilities, Banking, and Mining sectors were among the sectors that saw losses, dragging the overall market down. The best performers of the day were Sanlam Maroc SA, which increased by 3.20% or 96.00 points to close at 3,095.00, followed by Mutandis SCA which gained 2.47% or 5.50 points to end at 228.00 and AtlantaSanad SA, up 1.92% or 2.30 points to 122.30.

Conversely, the worst performers included Stokvis Nord Afrique, which dropped by 9.98% or 5.69 points to close at 51.31, Jet Contractors, which declined by 3.37% or 64.00 points to 1,836.00, and Colorado, down 3.13% or 2.50 points to 77.50. The number of falling stocks significantly outnumbered the advancing ones, with 41 stocks falling and only 19 gaining, while 7 remained unchanged.

Stokvis Nord Afrique's shares fell to a 52-week low, losing 9.98% or 5.69 points to close at 51.31, and Jet Contractors also hit a 52-week low, falling by 3.37% or 64.00 points to 1,836.00. Crude oil for November delivery saw a 2.06% increase to $92.28 a barrel, while Brent oil for December rose by 3.43% to $101.39 a barrel. Gold Futures for December, on the other hand, experienced a minor decline of 0.10%, falling to $4,182.51 a troy ounce.

The EUR/MAD exchange rate decreased marginally by 0.05% to 11.01, while the USD/MAD rose by 0.89% to 9.80. The US Dollar Index Futures closed up 0.53% at 101.72.