Economy

Casablanca Stock Exchange Unaffected by Global Microsoft Outage

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The Casablanca Stock Exchange was unaffected by the major outage that impacted many companies worldwide.

The massive Microsoft outage on Friday, July 19, had no effect on the Casablanca Stock Exchange. « We are not affected at all. The session started well, and transactions are proceeding normally. No bugs to report. Our website is functioning properly, and the stock prices are displayed, » a source from the Exchange told Hespress Fr.

In contrast, the London Stock Exchange was the most affected by this outage, delaying its opening. The London Stock Exchange’s website stated that « the RNS information service is currently experiencing a global technical issue linked to a third party, preventing the publication of information. »

Global stock markets decline Global stock markets are down this Friday due to the major outage affecting many companies. Airlines are down about 2 to 3%, with Ryanair losing 1.74% in Dublin, Wizz Air 2.73% in London, and Air France-KLM 0.96% in Paris.

Origin of the outage identified The CEO of the American cybersecurity group CrowdStrike announced that the cause of this computer outage has been identified and is being corrected.

« We are actively working with customers affected by a flaw found in a single content update for Windows users… This is not a cyberattack. The issue has been identified, isolated, and a fix has been deployed, » wrote George Kurtz on X and LinkedIn, noting that Mac and Linux systems are not affected.

« The root cause of the issue has been fixed, and several Microsoft 365 applications and services have regained full functionality, » Microsoft said in an updated message on its website. Some Microsoft 365 services and applications are still affected. « We are closely monitoring this to ensure we progress towards full recovery, » added the American technology giant.

CrowdStrike heavily relies on artificial intelligence (AI) and machine learning, offering a digital protection platform named Falcon. Its market capitalization stands at $83 billion.

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