Stock Market Updates and Latest News: MASI Falls and Potential Impact of Middle East Conflict on Raw Material Prices

2023-10-30 14:54:29

(Boursenews.ma) – The week promises to be in the red on the Casablanca Stock Exchange. The masi fell by 0.52% to 11,924.90 points.
Low volume trades amounting to 44 MDH on the central market were recorded.
The largest increase of the session was noted on IB Maroc which gained 9.71% in an insignificant volume.
At the final bell, 13 stocks are up versus 27 down, and 8 stocks remain unchanged.

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The war between Israel and Hamas, which began on October 7, might cause a new price shock for raw materials, the World Bank (WB) warned on Monday in its latest report devoted to it.
While the price of oil has already increased by 6% since the start of the conflict, the risk of seeing it spread more widely in the region might lead to an even more significant increase in prices, both of oil and of agricultural products, worries the WB.

In today’s news

-World Bank: Conflict in the Middle East might lead to a new shock on raw materials

-AtlantaSanad: BKGR raises its target price and goes to purchase

-Manufacturing industries: increase in producer prices of 0.1% in September

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