Morocco shares higher at close of trade; Moroccan All Shares up 0.60%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.60%
Credit: © Reuters.

Investing.com – Morocco equities were higher at the close on Tuesday, as gains in the Holding Companies , Telecoms and Forestry & Paper sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.60% to hit a new 5-year high.

The biggest gainers of the session on the Moroccan All Shares were BMCI (CS: BMCI ), which rose 5.97% or 55 points to trade at 975 at the close. S2M (CS: S2M ) added 5.76% or 16.00 points to end at 294.00 and Delta Holding S.A (CS: DHO ) was up 4.67% or 1.61 points to 36.11 in late trade.

Biggest losers included Afric Industries Sa (CS: AFIND ), which lost 6.00% or 16.90 points to trade at 264.90 in late trade. Realis. Mecaniques (CS: SRM ) declined 2.77% or 8.00 points to end at 281.00 and IB Maroc Com SA (CS: IBC ) shed 2.08% or 2.65 points to 125.05.

Declining stocks outnumbered rising ones by 19 to 18 and 11 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for February delivery was down 1.17% or 0.75 to $63.55 a barrel. Meanwhile, Brent oil for delivery in March fell 1.75% or 1.23 to hit $69.03 a barrel, while the February Gold Futures contract fell 0.01% or 0.20 to trade at $1334.70 a troy ounce.

EUR/MAD was down 0.04% to 11.3000, while USD/MAD rose 0.14% to 9.2283.

The US Dollar Index Futures was up 0.26% at 90.36.

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