Morocco shares higher at close of trade; Moroccan All Shares up 0.81%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.81%
Credit: © Reuters. – Morocco equities were higher at the close on Thursday, as gains in the Hotels, Restaurants & Leisure , Distributors and Banking sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.81% to hit a new 1-month high.

The biggest gainers of the session on the Moroccan All Shares were Timar (CS: TIM ), which rose 8.12% or 16.40 points to trade at 218.40 at the close. Bmce Bank (CS: BMCE ) added 6.48% or 14.90 points to end at 244.90 and Stroc Industrie (CS: STR ) was up 4.47% or 2.09 points to 48.80 in late trade.

Biggest losers included IB Maroc Com SA (CS: IBC ), which lost 2.13% or 1.98 points to trade at 91.02 in late trade. BMCI (CS: BMCI ) declined 1.50% or 15 points to end at 985 and Nexans Maroc (CS: NEX ) shed 1.44% or 2.00 points to 137.00.

Advancing stocks outnumbered falling ones by 26 to 11 and 9 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for April delivery was down 1.28% or 0.78 to $60.37 a barrel. Meanwhile, Brent oil for delivery in May fell 0.92% or 0.59 to hit $63.75 a barrel, while the April Gold Futures contract fell 0.46% or 6.10 to trade at $1321.50 a troy ounce.

EUR/MAD was down 0.35% to 11.3280, while USD/MAD rose 0.44% to 9.1985.

The US Dollar Index Futures was up 0.59% at 90.09.

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