Morocco shares higher at close of trade; Moroccan All Shares up 0.27%

  • Stock Market News
Morocco shares higher at close of trade; Moroccan All Shares up 0.27%
Credit: © Reuters. – Morocco equities were higher at the close on Thursday, as gains in the Holding Companies , Banking and Distributors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.27% to hit a new 1-month high.

The biggest gainers of the session on the Moroccan All Shares were Micro Data SA (CS: MIC ), which rose 6.83% or 8.50 points to trade at 133.00 at the close. CIH (CS: CIH ) added 2.94% or 8.00 points to end at 280.00 and Delta Holding S.A (CS: DHO ) was up 2.20% or 0.43 points to 19.97 in late trade.

Biggest losers included Timar (CS: TIM ), which lost 5.99% or 19.70 points to trade at 309.40 in late trade. M2M Group (CS: M2M ) declined 5.57% or 17.00 points to end at 288.00 and Ciments Du Maroc (CS: SCM ) shed 3.08% or 38 points to 1197.

Declining stocks outnumbered rising ones by 16 to 13 and 8 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for October delivery was up 4.04% or 1.84 to $47.34 a barrel. Meanwhile, Brent oil for delivery in November rose 3.79% or 1.82 to hit $49.80 a barrel, while the December Gold contract fell 0.67% or 9.05 to trade at $1340.15 a troy ounce.

EUR/MAD was up 0.06% to 10.9220, while USD/MAD fell 0.08% to 9.7040.

The US Dollar Index was up 0.19% at 95.13.

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