Morocco shares higher at close of trade; Moroccan All Shares up 0.05%

Investing.com – Morocco equities were higher at the close on Monday, as gains in the Insurance , Real Estate and Banking sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.05% to hit a new 1-month high.

The biggest gainers of the session on the Moroccan All Shares were Stroc Industrie (CS: STR ), which rose 9.18% or 2.25 points to trade at 26.75 at the close. Wafa Assurance (CS: WASS ) added 8.48% or 339 points to end at 4339 and SMI (CS: SMI ) was up 3.92% or 56 points to 1486 in late trade.

Biggest losers included Afric Industries Sa (CS: AFIND ), which lost 5.98% or 16.45 points to trade at 258.45 in late trade. Lydec (CS: LYD ) declined 5.48% or 28.50 points to end at 491.50 and Oulmes (CS: OULM ) shed 5.42% or 78 points to 1362.

Declining stocks outnumbered rising ones by 17 to 16 and 4 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for January delivery was up 2.69% or 1.37 to $52.30 a barrel. Meanwhile, Brent oil for delivery in February rose 2.39% or 1.42 to hit $60.88 a barrel, while the February Gold Futures contract rose 1.13% or 13.80 to trade at $1239.80 a troy ounce.

EUR/MAD was up 0.14% to 10.7940, while USD/MAD fell 0.19% to 9.5048.

The US Dollar Index Futures was down 0.40% at 96.812.