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

Published 10/05/2016, 01:05 PM
Updated 10/05/2016, 01:05 PM
© Reuters.  Morocco stocks higher at close of trade; Moroccan All Shares up 0.74%

© Reuters. Morocco stocks higher at close of trade; Moroccan All Shares up 0.74%

Investing.com – Morocco stocks were higher after the close on Wednesday, as gains in the Chemicals, Hotels, Restaurants & Leisure and Holding Companies sectors led shares higher.

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

The best performers 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. Meanwhile, 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.

The worst performers of the session were M2M Group (CS:M2M), which fell 4.52% or 13.40 points to trade at 283.30 at the close. Sonasid (CS:SOND) declined 4.34% or 14 points to end at 300 and Delattre Levivier Maroc (CS:DLM) was down 2.77% or 4.90 points to 172.00.

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

Shares in Cartier Saada (CS:CRS) rose to 5-year highs; gaining 5.97% or 1.20 to 21.30. Shares in Sonasid (CS:SOND) fell to all time lows; falling 4.34% or 14 to 300. Shares in Maghrebail (CS:MAB) rose to 52-week highs; gaining 5.44% or 40 to 775.

Crude oil for November delivery was up 2.16% or 1.05 to $49.74 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 2.02% or 1.03 to hit $51.90 a barrel, while the December Gold contract fell 0.38% or 4.85 to trade at $1264.85 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 0.03% at 96.13.

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