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Morocco stocks higher at close of trade; Moroccan All Shares up 0.48%

Published 11/17/2016, 12:05 PM
Updated 11/17/2016, 12:05 PM
© Reuters.  Morocco stocks higher at close of trade; Moroccan All Shares up 0.48%

Investing.com – Morocco stocks were higher after the close on Thursday, as gains in the Chemicals, Hotels, Restaurants & Leisure and Construction & Building Materials sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares rose 0.48% to hit a new 3-years high.

The best performers of the session on the Moroccan All Shares were Snep (CS:SNP), which rose 9.97% or 10.00 points to trade at 110.30 at the close. Meanwhile, Disway SA (CS:DWY) added 8.07% or 25.00 points to end at 334.85 and CDM (CS:CDM) was up 6.67% or 30 points to 480 in late trade.

The worst performers of the session were S2M (CS:S2M), which fell 3.01% or 6.00 points to trade at 193.20 at the close. Med Paper (CS:PAP) declined 2.17% or 0.40 points to end at 18.05 and Stokvis Nord Afrique (CS:SNA) was down 2.15% or 0.45 points to 20.44.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 23 to 18 and 9 ended unchanged.

Shares in Snep (CS:SNP) rose to 52-week highs; gaining 9.97% or 10.00 to 110.30. Shares in Disway SA (CS:DWY) rose to 3-years highs; gaining 8.07% or 25.00 to 334.85.

Crude oil for December delivery was up 1.03% or 0.47 to $46.04 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.90% or 0.42 to hit $47.05 a barrel, while the December Gold contract rose 0.25% or 3.05 to trade at $1226.95 a troy ounce.

EUR/MAD was down 0.15% to 10.6950, while USD/MAD rose 0.15% to 10.0330.

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The US Dollar Index was up 0.27% at 100.65.

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