Morocco shares higher at close of trade; Moroccan All Shares up 0.77%

  • Stock Market News
Morocco shares higher at close of trade; Moroccan All Shares up 0.77%
Credit: © Reuters. – Morocco equities were higher at the close on Monday, as gains in the Transport , Banking and Food Producers & Processors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares rose 0.77% to hit a new 6-month high.

The biggest gainers of the session on the Moroccan All Shares were M2M Group (CS: M2M ), which rose 6.10% or 18.00 points to trade at 313.00 at the close. CTM (CS: CTM ) added 5.13% or 49.00 points to end at 1004.00 and Maghreb Oxygene (CS: OXYG ) was up 5.03% or 6.85 points to 143.05 in late trade.

Biggest losers included IB Maroc Com SA (CS: IBC ), which lost 9.97% or 18.95 points to trade at 171.05 in late trade. Fenie Brossette (CS: FBR ) declined 5.98% or 11.00 points to end at 173.00 and Involys (CS: INV ) shed 5.33% or 8.80 points to 156.20.

Advancing stocks outnumbered falling ones by 21 to 15 and 5 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for October delivery was up 1.43% or 0.68 to $48.16 a barrel. Meanwhile, Brent oil for delivery in November rose 0.02% or 0.01 to hit $53.79 a barrel, while the December Gold Futures contract fell 1.11% or 15.00 to trade at $1336.20 a troy ounce.

EUR/MAD was down 0.08% to 11.1750, while USD/MAD rose 0.36% to 9.3298.

The US Dollar Index Futures was up 0.57% at 91.83.

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