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Morocco shares higher at close of trade; Moroccan All Shares up 0.17%

Published 02-08-2024, 08:40 pm
Updated 02-08-2024, 08:45 pm
© Reuters.  Morocco shares higher at close of trade; Moroccan All Shares up 0.17%
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Investing.com – Morocco equities were higher at the close on Friday, as gains in the Transportation, Invest Companies & Other Finance and Construction & Building Materials sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.17% to hit a new 5-year high.

The biggest gainers of the session on the Moroccan All Shares were Realis. Mecaniques (CSE:SRM), which rose 10.00% or 25.65 points to trade at 282.20 at the close. S2M (CSE:S2M) added 5.41% or 10.00 points to end at 195.00 and Salafin (CSE:SLF) was up 3.55% or 19.90 points to 579.90 in late trade.

Biggest losers included Risma (CSE:RIS), which fell 2.42% or 5.95 points to trade at 240.00 in late trade. Delta Holding S.A (CSE:DHO) declined 2.34% or 1.25 points to end at 52.20 and Immorente Invest SCA (CSE:IMO) down 2.02% or 1.88 points to 91.00.

Rising stocks outnumbered declining ones by 29 to 23 and 9 ended unchanged on the Casablanca Stock Exchange.

Shares in Realis. Mecaniques (CSE:SRM) rose to 5-year highs; gaining 10.00% or 25.65 to 282.20. Shares in Immorente Invest SCA (CSE:IMO) fell to 3-year lows; falling 2.02% or 1.88 to 91.00.

Crude oil for September delivery was down 3.54% or 2.70 to $73.61 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 3.18% or 2.53 to hit $76.99 a barrel, while the December Gold Futures contract fell 1.02% or 25.40 to trade at $2,455.40 a troy ounce.

EUR/MAD was down 0.32% to 10.69, while USD/MAD unchanged 0.00% to 9.94.

The US Dollar Index Futures was down 1.20% at 102.96.

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