Morocco stocks lower at close of trade; Moroccan All Shares down 0.87%

Morocco's stock market experienced a decline at the end of trading on Thursday, with the Moroccan All Shares dropping 0.87% and hitting a six-month low. The Utilities, Banking, and Mining sectors were the main culprits for the market's downturn. Despite the overall negative performance, some stocks managed to outperform the market.

Zellidja S.A (CSE:ZDJ) rose 9.97% to close at 257.45, while Lesieur Cristal (CSE:LES) added 3.10% to reach 299.00, and Mutandis SCA (CSE:MUT) increased 0.96% to 221.00. Conversely, Miniere Touissit (CSE:CMT) saw a significant drop of 4.66%, closing at 4,090.00, while Delta Holding S.A (CSE:DHO) and Alliances (CSE:ADI) both declined by 4.04% and 4.38% respectively.

The Casablanca Stock Exchange reported that 43 stocks fell, compared to 8 that rose, with 8 remaining unchanged. Alliances (CSE:ADI) in particular reached its 52-week low at 329.90. Commodity markets also saw activity, with crude oil for November delivery increasing by 5.38% to $93.03 and Brent oil for December reaching $105.62 a barrel.

Meanwhile, December Gold Futures fell slightly by 0.05% to $4,138.55 a troy ounce. Currency exchange rates were also highlighted, with EUR/MAD decreasing by 0.13% to 11.15 and USD/MAD dropping 0.47% to 9.92. The US Dollar Index Futures remained unchanged at 102.01.