Moroccan Stock Market Closes May in the Black

Rabat – Morocco’s stocks are closing the month of May in the black. After losing 0.3 percent this Wednesday morning, the MASI Index managed to draw up its shares, closing the session with 11.577 points, and a gain of 0.36 percent.With a MAD 283 million in flux exchanges, the operators quoted at the Casablanca Stock Exchange are registering a greater increase in activity compared to yesterday.The best performers of the session on the Moroccan All Shares were Marsa Maroc, which rose by 0.56 percent, marking highest volume of the day with MAD 86 million. The company is pulling out its MAD 8 dividend tomorrow, June 1. Marsa Maroc is followed by LafargeHolcim, with MAD 31 million in volume and a symbolic increase of 0.05 percent.As for variations, Lydec is at the top of the charts at with a 4.35 percent increase, followed by Taqa Morocco with 3.17 percent, closing on a historic high dividend at MAD 845. At the bottom of the scale, we find IB Maroc and Centrale Danone with respective declines of 3.21 percent and 2.44 percent.Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 20 to 10 and 13 ended unchanged.On the other hand, crude oil for the month of July’s delivery registered a 1.02 percent decline, down 0.51 points to USD 49.29 a barrel. The EUR/MAD balance was up 0.04 percent to MAD 10.9230, while USD/MAD fell by 0.03 percent to MAD 9.7750. The US Dollar Index Futures was down 0.05 percent at 97.28. read more