Morocco stocks higher at close of trade; Moroccan All Shares up 1.09%

Morocco's stock market saw an upward trend at the close of trade on Tuesday, with an overall increase of 1.09% for the Moroccan All Shares. The gains were primarily driven by strong performances in the Banking, Beverage, and Transport sectors. The best-performing stock of the day was Douja Prom Addoha, which surged 5.90% to reach 33.04 points.

Nationale d’Electrolyse et de Petrochimie Ste SA and Wafa Assurance also saw significant gains, closing at 294.95 and 4,990.00 points, respectively. Conversely, Rebab Company, Med Paper, and Label Vie were among the worst performers, with declines of 4.54%, 3.40%, and 2.05% respectively. The number of rising stocks exceeded the number of declining ones on the Casablanca Stock Exchange by a ratio of 41 to 16, with five stocks remaining unchanged.

Crude oil prices for November delivery rose by 0.18% to $93.91 per barrel, while Brent oil for December delivery fell by 0.78% to $105.82. Gold Futures contracts for December also saw a modest decline of 0.02% to $4,189.95 per troy ounce. Currency exchange rates were also reported, with the EUR/MAD up by 1.11% to 10.94, USD/MAD up by 0.85% to 9.81, and the US Dollar Index Futures down by 0.33% at 102.04.