Morocco shares higher at close of trade; Moroccan All Shares up 0.26%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.26%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Utilities , Pharmaceutical Industry and Mining sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.26%.

The biggest gainers of the session on the Moroccan All Shares were Promopharm S.A. (CS: PRO ), which rose 9.97% or 135 points to trade at 1489 at the close. M2M Group (CS: M2M ) added 5.81% or 15.35 points to end at 279.35 and Managem (CS: MNG ) was up 5.49% or 44 points to 843 in late trade.

Biggest losers included Disway SA (CS: DWY ), which lost 4.14% or 11.45 points to trade at 265.05 in late trade. CTM (CS: CTM ) declined 1.94% or 10.90 points to end at 549.00 and Alliances (CS: ADI ) shed 1.90% or 1 points to 64.

Advancing stocks outnumbered falling ones by 16 to 12 and 7 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for July delivery was down 0.49% or 0.24 to $48.86 a barrel. Meanwhile, Brent oil for delivery in August fell 0.46% or 0.23 to hit $49.66 a barrel, while the August Gold contract fell 0.59% or 7.15 to trade at $1210.35 a troy ounce.

EUR/MAD was up 0.18% to 10.8900, while USD/MAD fell 0.19% to 9.7480.

The US Dollar Index was down 0.32% at 95.52.

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