Morocco shares higher at close of trade; Moroccan All Shares up 0.54%

Investing.com – Morocco equities were higher at the close on Wednesday, as gains in the Utilities , Chemicals and Food Producers & Processors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.54%.

The biggest gainers of the session on the Moroccan All Shares were Stroc Industrie (CS: STR ), which rose 10.00% or 4.86 points to trade at 53.48 at the close. Jet Contractors (CS: JET ) added 9.97% or 14.25 points to end at 157.20 and Sonasid (CS: SOND ) was up 8.87% or 50 points to 615 in late trade.

Biggest losers included Delattre Levivier Maroc (CS: DLM ), which lost 5.67% or 10.65 points to trade at 177.10 in late trade. IB Maroc Com SA (CS: IBC ) declined 5.33% or 4.95 points to end at 88.00 and BMCI (CS: BMCI ) shed 5.11% or 34 points to 640.

Advancing stocks outnumbered falling ones by 28 to 16 and 5 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for September delivery was up 1.38% or 0.66 to $48.55 a barrel. Meanwhile, Brent oil for delivery in September rose 1.12% or 0.56 to hit $50.76 a barrel, while the August Gold Futures contract fell 0.18% or 2.25 to trade at $1249.85 a troy ounce.

EUR/MAD was down 0.01% to 11.0940, while USD/MAD rose 0.09% to 9.5367.

The US Dollar Index Futures was up 0.12% at 94.03.