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Morocco stocks higher at close of trade; Moroccan All Shares up 0.23%

Published 12/14/2016, 12:05 PM
Updated 12/14/2016, 12:05 PM
© Reuters.  Morocco stocks higher at close of trade; Moroccan All Shares up 0.23%

© Reuters. Morocco stocks higher at close of trade; Moroccan All Shares up 0.23%

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

At the close in Casablanca, the Moroccan All Shares gained 0.23% to hit a new 3-years high.

The best performers of the session on the Moroccan All Shares were Promopharm S.A. (CS:PRO), which rose 7.77% or 87 points to trade at 1207 at the close. Meanwhile, Lydec (CS:LYD) added 6.11% or 33.00 points to end at 573.00 and Label Vie (CS:LBV) was up 5.75% or 71 points to 1306 in late trade.

The worst performers of the session were M2M Group (CS:M2M), which fell 7.16% or 25.00 points to trade at 324.00 at the close. CTM (CS:CTM) declined 5.56% or 36.00 points to end at 612.00 and Maghreb Oxygene (CS:OXYG) was down 5.47% or 5.80 points to 100.20.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 32 to 18 and 4 ended unchanged.

Shares in Lydec (CS:LYD) rose to all time highs; rising 6.11% or 33.00 to 573.00. Shares in Label Vie (CS:LBV) rose to 52-week highs; up 5.75% or 71 to 1306.

Crude oil for January delivery was down 1.45% or 0.77 to $52.21 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February fell 1.08% or 0.60 to hit $55.12 a barrel, while the February Gold contract rose 0.55% or 6.35 to trade at $1165.35 a troy ounce.

EUR/MAD was up 0.11% to 10.7190, while USD/MAD fell 0.33% to 10.0425.

The US Dollar Index was down 0.22% at 100.86.

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