Morocco shares higher at close of trade; Moroccan All Shares up 0.54%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.54%
Credit: © Reuters.

Investing.com – Morocco equities were higher at the close on Wednesday, as gains in the Holding Companies , Distributors and Real Estate sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.54%.

The biggest gainers of the session on the Moroccan All Shares were Alliances (CS: ADI ), which rose 7.34% or 7 points to trade at 101 at the close. Managem (CS: MNG ) added 4.60% or 57 points to end at 1297 and Taqa Morocco SA (CS: TQM ) was up 4.47% or 38.00 points to 889.00 in late trade.

Biggest losers included Stroc Industrie (CS: STR ), which lost 9.97% or 2.94 points to trade at 26.56 in late trade. IB Maroc Com SA (CS: IBC ) declined 9.95% or 6.95 points to end at 62.90 and Med Paper (CS: PAP ) shed 7.56% or 1.70 points to 20.80.

Advancing stocks outnumbered falling ones by 18 to 12 and 5 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for September delivery was up 1.39% or 0.95 to $69.47 a barrel. Meanwhile, Brent oil for delivery in September rose 0.76% or 0.56 to hit $74.00 a barrel, while the August Gold Futures contract rose 0.36% or 4.40 to trade at $1229.90 a troy ounce.

EUR/MAD was up 0.01% to 11.0450, while USD/MAD rose 0.01% to 9.4552.

The US Dollar Index Futures was down 0.08% at 94.31.

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