Morocco stocks lower at close of trade; Moroccan All Shares down 0.11%

Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Utilities, Banking and Mining sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.11%.

The best performers of the session on the Moroccan All Shares were Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR), which rose 10.00% or 6.73 points to trade at 74.06 at the close. Meanwhile, Societe Equipement Domestique et Menager SA (CSE:EQD) added 4.46% or 47.00 points to end at 1,100.00 and Afriquia Gaz (CSE:GAZ) was up 3.38% or 137.00 points to 4,190.00 in late trade.

The worst performers of the session were AFMA SA (CSE:AFM), which fell 6.68% or 87.00 points to trade at 1,215.00 at the close. Maghreb Oxygene (CSE:MOX) declined 4.70% or 20.90 points to end at 424.10 and Douja Prom Addoha (CSE:ADH) was down 4.04% or 1.50 points to 35.62.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 34 to 22 and 5 ended unchanged.

Shares in Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR) rose to 5-year highs; gaining 10.00% or 6.73 to 74.06.

Crude oil for July delivery was up 0.51% or 0.31 to $61.51 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.36% or 0.23 to hit $64.67 a barrel, while the June Gold Futures contract rose 1.95% or 64.10 to trade at $3,359.10 a troy ounce.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

EUR/MAD was unchanged 0.00% to 10.43, while USD/MAD fell 0.36% to 9.21.

The US Dollar Index Futures was down 0.67% at 99.18.

ADH: is this perennial leader facing new challenges?

With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is ADH one of them?

Unlock ProPicks AI to find out