Morocco shares higher at close of trade; Moroccan All Shares up 0.23%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.23%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Utilities , Hotels, Restaurants & Leisure and Holding Companies sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.23% to hit a new 3-year high.

The biggest gainers of the session on the Moroccan All Shares were Promopharm S.A. (CS: PRO ), which rose 7.77% or 87 points to trade at 1207 at the close. Lydec (CS: LYD ) added 6.11% or 33.00 points to end at 573.00 and Label Vie (CS: LBV ) was up 5.75% or 71 points to 1306 in late trade.

Biggest losers included M2M Group (CS: M2M ), which lost 7.16% or 25.00 points to trade at 324.00 in late trade. CTM (CS: CTM ) declined 5.56% or 36.00 points to end at 612.00 and Maghreb Oxygene (CS: OXYG ) shed 5.47% or 5.80 points to 100.20.

Advancing stocks outnumbered falling ones by 32 to 18 and 4 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for January delivery was down 1.45% or 0.77 to $52.21 a barrel. Meanwhile, Brent oil for delivery in February fell 1.08% or 0.60 to hit $55.12 a barrel, while the February Gold contract rose 0.55% or 6.35 to trade at $1165.35 a troy ounce.

EUR/MAD was down 0.15% to 10.6910, while USD/MAD fell 0.33% to 10.0425.

The US Dollar Index was down 0.22% at 100.86.

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