Investing.com – Morocco stocks were higher after the close on Thursday, as gains in the Forestry & Paper, Holding Companies and Insurance sectors led shares higher.
At the close in Casablanca, the Moroccan All Shares added 0.21%.
The best performers of the session on the Moroccan All Shares were Med Paper (CS:PAP), which rose 9.54% or 1.91 points to trade at 21.94 at the close. Meanwhile, Timar (CS:TIM) added 5.45% or 17.00 points to end at 329.10 and S2M (CS:S2M) was up 3.34% or 6.75 points to 208.80 in late trade.
The worst performers of the session were Managem (CS:MNG), which fell 3.66% or 28 points to trade at 723 at the close. IB Maroc Com SA (CS:IBC) declined 2.99% or 3.35 points to end at 108.65 and Brasseries Du Maroc (CS:SBM) was down 2.07% or 35 points to 1655.
Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 20 to 10 and 4 ended unchanged.
Shares in Med Paper (CS:PAP) rose to 52-week highs; gaining 9.54% or 1.91 to 21.94.
Crude oil for October delivery was down 2.86% or 1.28 to $43.42 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November fell 2.71% or 1.27 to hit $45.62 a barrel, while the December Gold contract rose 0.45% or 5.85 to trade at $1317.25 a troy ounce.
EUR/MAD was up 0.16% to 10.9020, while USD/MAD fell 0.25% to 9.7330.
The US Dollar Index was down 0.40% at 95.63.