Casablanca Stock Exchange Opens Higher Amid Positive Momentum

Stock Exchange (Casablanca) - The Casablanca Stock Exchange started Thursday's session on an upbeat note, as its benchmark MASI index advanced 0.26% to reach 14,125.01 points. This follows Wednesday's performance, where the MASI closed up 0.64%, continuing the week's positive trend. The market's gains reflect growing investor confidence, buoyed by improved outlooks, notably the US Fed's decision to deliver a jumbo-sized interest rate cut. The half-point move paves the way for lower borrowing costs on everything from mortgages to credit cards. It marks a crucial milestone for the central bank's historic inflation fight, which kept rates at a bruising 23-year high for more than a year. Source: Agence Marocaine De Presse