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Morocco shares higher at close of trade; Moroccan All Shares up 0.38%

Published 30-01-2019, 10:35 pm
© Reuters.  Morocco shares higher at close of trade; Moroccan All Shares up 0.38%
MASI
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ALM
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CTM
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FBR
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MDP
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SOT
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STR
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PHARM
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TRANS
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SAC
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Investing.com – Morocco equities were higher at the close on Wednesday, as gains in the Transport, Pharmaceutical Industry and Utilities sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.38% to hit a new 3-month high.

The biggest gainers of the session on the Moroccan All Shares were Aluminum mar 1l (CS:ALU), which rose 8.34% or 127 points to trade at 1649 at the close. CTM (CS:CTM) added 8.30% or 69.00 points to end at 900.00 and Sothema (CS:SOT) was up 5.94% or 95 points to 1695 in late trade.

Biggest losers included Fenie Brossette (CS:FBR), which lost 9.99% or 8.74 points to trade at 78.74 in late trade. Stroc Industrie (CS:STR) declined 7.87% or 2.03 points to end at 23.77 and Med Paper (CS:PAP) shed 6.17% or 1.38 points to 21.00.

Declining stocks outnumbered rising ones by 22 to 20 and 5 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for March delivery was up 2.93% or 1.56 to $54.87 a barrel. Meanwhile, Brent oil for delivery in April rose 1.94% or 1.19 to hit $62.39 a barrel, while the February Gold Futures contract rose 0.04% or 0.50 to trade at $1309.40 a troy ounce.

EUR/MAD was up 0.01% to 10.8849, while USD/MAD rose 0.15% to 9.5370.

The US Dollar Index Futures was up 0.11% at 95.623.

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