Investing.com – Morocco stocks were higher after the close on Thursday, as gains in the Forestry & Paper, Utilities and Food Producers & Processors sectors led shares higher.
At the close in Casablanca, the Moroccan All Shares rose 0.15% to hit a new 3-months high.
The best performers of the session on the Moroccan All Shares were Med Paper (CS:PAP), which rose 9.97% or 2.90 points to trade at 32.00 at the close. Meanwhile, S2M (CS:S2M) added 6.56% or 16.00 points to end at 260.00 and IB Maroc Com SA (CS:IBC) was up 5.23% or 4.50 points to 90.50 in late trade.
The worst performers of the session were Afric Industries Sa (CS:AFIND), which fell 5.98% or 17.95 points to trade at 282.00 at the close. Involys (CS:INV) declined 5.31% or 6.90 points to end at 123.10 and Bmce Bank (CS:BMCE) was down 1.72% or 3.55 points to 203.00.
Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 24 to 11 and 9 ended unchanged.
Shares in Afric Industries Sa (CS:AFIND) fell to 52-week lows; falling 5.98% or 17.95 to 282.00. Shares in S2M (CS:S2M) rose to 5-year highs; rising 6.56% or 16.00 to 260.00.
Crude oil for August delivery was up 2.19% or 0.99 to $46.12 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 1.90% or 0.91 to hit $48.70 a barrel, while the August Gold Futures contract rose 0.09% or 1.04 to trade at $1222.74 a troy ounce.
EUR/MAD was up 0.21% to 11.0110, while USD/MAD fell 0.33% to 9.6468.
The US Dollar Index Futures was down 0.39% at 95.60.