Morocco shares higher at close of trade; Moroccan All Shares up 0.35%

  • Stock Market News
Morocco shares higher at close of trade; Moroccan All Shares up 0.35%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Transport , Invest Companies & Other Finance and Construction & Building Materials sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.35% to hit a new 5-year high.

The biggest gainers of the session on the Moroccan All Shares were M2M Group (CS: M2M ), which rose 9.90% or 38.90 points to trade at 431.90 at the close. S2M (CS: S2M ) added 6.04% or 18.10 points to end at 318.00 and Zellidja S.A (CS: ZELI ) was up 6.00% or 8.35 points to 147.60 in late trade.

Biggest losers included Douja Prom Addoha (CS: ADH ), which lost 1.58% or 0.56 points to trade at 34.90 in late trade. CIH (CS: CIH ) declined 1.55% or 4.50 points to end at 285.00 and Alliances (CS: ADI ) shed 1.38% or 3 points to 208.

Advancing stocks outnumbered falling ones by 28 to 15 and 9 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for March delivery was up 0.64% or 0.41 to $64.88 a barrel. Meanwhile, Brent oil for delivery in March fell 0.09% or 0.06 to hit $69.90 a barrel, while the February Gold Futures contract rose 1.22% or 16.30 to trade at $1353.00 a troy ounce.

EUR/MAD was up 0.27% to 11.3490, while USD/MAD fell 0.50% to 9.1590.

The US Dollar Index Futures was down 0.86% at 89.11.

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