Morocco shares higher at close of trade; Moroccan All Shares up 0.30%

  • Stock Market News
Morocco shares higher at close of trade; Moroccan All Shares up 0.30%
Credit: © Reuters. – Morocco equities were higher at the close on Tuesday, as gains in the Food Producers & Processors , Hotels, Restaurants & Leisure and Distributors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares rose 0.30%.

The biggest gainers of the session on the Moroccan All Shares were IB Maroc Com SA (CS: IBC ), which rose 5.48% or 5.30 points to trade at 102.10 at the close. Label Vie (CS: LBV ) added 4.55% or 50 points to end at 1150 and Managem (CS: MNG ) was up 3.50% or 28 points to 828 in late trade.

Biggest losers included M2M Group (CS: M2M ), which lost 6.98% or 21.00 points to trade at 280.00 in late trade. Involys (CS: INV ) declined 6.20% or 6.09 points to end at 92.16 and Cartier Saada (CS: CRS ) shed 5.48% or 1.16 points to 20.00.

Advancing stocks outnumbered falling ones by 24 to 13 and 6 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for December delivery was down 0.04% or 0.02 to $44.87 a barrel. Meanwhile, Brent oil for delivery in January fell 0.30% or 0.14 to hit $46.01 a barrel, while the December Gold contract fell 0.21% or 2.75 to trade at $1276.65 a troy ounce.

EUR/MAD was up 0.24% to 10.8610, while USD/MAD rose 0.30% to 9.8415.

The US Dollar Index was up 0.10% at 97.88.

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