Morocco shares higher at close of trade; Moroccan All Shares up 0.74%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.74%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Chemicals , Hotels, Restaurants & Leisure and Holding Companies sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.74% to hit a new 3-month high.

The biggest gainers of the session on the Moroccan All Shares were Snep (CS: SNP ), which rose 9.08% or 7.90 points to trade at 94.90 at the close. Cartier Saada (CS: CRS ) added 5.97% or 1.20 points to end at 21.30 and Maghrebail (CS: MAB ) was up 5.44% or 40 points to 775 in late trade.

Biggest losers included M2M Group (CS: M2M ), which lost 4.52% or 13.40 points to trade at 283.30 in late trade. Sonasid (CS: SOND ) declined 4.34% or 14 points to end at 300 and Delattre Levivier Maroc (CS: DLM ) shed 2.77% or 4.90 points to 172.00.

Advancing stocks outnumbered falling ones by 27 to 13 and 5 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for November delivery was up 2.20% or 1.07 to $49.76 a barrel. Meanwhile, Brent oil for delivery in December rose 2.02% or 1.03 to hit $51.90 a barrel, while the December Gold contract fell 0.39% or 4.90 to trade at $1264.80 a troy ounce.

EUR/MAD was unchanged 0.00% to 10.9040, while USD/MAD fell 0.01% to 9.7305.

The US Dollar Index was up 0.02% at 96.12.

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