Bank stock jumps 5% after Tikri Partners bought 2.2% stake in the company via bulk deal
Investing.com – Morocco equities were higher at the close on Monday, as gains in the Banks, Beverages and Transportation sectors led shares higher.
At the close in Casablanca, the Moroccan All Shares added 1.21% to hit a new all time high.
The biggest gainers of the session on the Moroccan All Shares were Societe d’Exploitation des Ports SA (CSE:MSA), which rose 6.33% or 50.00 points to trade at 840.00 at the close. Alliances (CSE:ADI) added 6.12% or 29.00 points to end at 503.00 and Atlanta (CSE:ATL) was up 5.47% or 7.50 points to 144.50 in late trade.
Biggest losers included CDM (CSE:CDM), which fell 2.07% or 23.00 points to trade at 1,087.00 in late trade. SMI (CSE:SMI) declined 1.88% or 44.00 points to end at 2,300.00 and Jet Contractors (CSE:JET) down 1.83% or 41.00 points to 2,199.00.
Rising stocks outnumbered declining ones by 31 to 17 and 8 ended unchanged on the Casablanca Stock Exchange.
Shares in Societe d’Exploitation des Ports SA (CSE:MSA) rose to all time highs; rising 6.33% or 50.00 to 840.00.
Crude oil for July delivery was up 3.24% or 1.97 to $62.76 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 3.09% or 1.94 to hit $64.72 a barrel, while the August Gold Futures contract rose 2.51% or 83.22 to trade at $3,398.62 a troy ounce.
EUR/MAD was up 0.40% to 10.51, while USD/MAD fell 0.32% to 9.19.
The US Dollar Index Futures was down 0.61% at 98.65.