Market Overview#
Moroccan stocks experienced a slight decline at the close of trading on Tuesday. The overall Moroccan All Shares index fell by 0.04%, primarily driven by losses in the Utilities, Banking, and Mining sectors.
Notable Movers#
Among the stocks that performed well during the session, Afriquia Gaz saw the largest increase, rising by 4.35% or 162 points to close at 3,887. S2M followed with a gain of 3.55%, adding 18.80 points to end at 548.80. Cartier Saada also posted a positive performance, increasing by 3.48% or 1.01 points to finish at 30.05.
On the downside, IB Maroc Com SA was the biggest loser, dropping 4.60% or 2.99 points to trade at 62.00. Label Vie also faced a decline of 3.66%, losing 150 points to close at 3,950. Auto Hall fell by 3.20%, shedding 2.58 points to end at 78.10.
Market Dynamics#
In total, advancing stocks outnumbered those that fell, with 32 stocks gaining and 24 declining, while 6 remained unchanged on the Casablanca Stock Exchange. This indicates a mixed sentiment among investors, despite the overall decline in the index.
Commodities and Currency Updates#
In commodities, crude oil prices saw an increase, with May delivery rising by 3.68% to $91.37 per barrel. Brent oil for June delivery also rose by 3.03% to $98.83 per barrel. However, the June Gold Futures contract experienced a slight decline of 0.11%, trading at $4,434.59 per troy ounce.
In currency markets, the Euro to Moroccan Dirham (EUR/MAD) remained stable at 10.80, while the US Dollar to Moroccan Dirham (USD/MAD) fell by 0.39% to 9.32. The US Dollar Index Futures increased by 0.46%, reaching 99.18.