Market Overview#
On Monday, Morocco's stock market experienced a decline, with equities closing lower. The Moroccan All Shares index remained unchanged, indicating a lack of movement in the overall market.
Key Performers#
Among the biggest gainers on the Moroccan All Shares were Douja Prom Addoha, Alliances, and Afriquia Gaz, all of which showed no change in their stock prices at the close of trading. Douja Prom Addoha remained at 29.06, Alliances at 400.00, and Afriquia Gaz at 3,900.00.
Decliners and Market Activity#
Interestingly, the same companies that were the biggest gainers also appeared among the biggest losers, as their stock prices did not fluctuate. Overall, there were no stocks that rose, and the number of declining stocks matched the number of rising ones at zero.
Commodities and Currency Update#
In commodities, crude oil prices fell significantly, with May delivery down by 12.00% to $86.44 per barrel, and Brent oil for June delivery dropping by 11.62% to $94.04 per barrel. Gold futures also saw a decrease of 1.97%, trading at $4,518.71 per troy ounce.
In currency trading, the Euro to Moroccan Dirham (EUR/MAD) exchange rate fell by 0.22% to 10.80, while the US Dollar to Moroccan Dirham (USD/MAD) rose by 0.19% to 9.36. The US Dollar Index Futures also declined by 0.72%, settling at 98.75.