Morocco shares higher at close of trade; Moroccan All Shares up 0.26%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.26%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Insurance , Construction & Building Materials and Distributors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.26%.

The biggest gainers of the session on the Moroccan All Shares were Wafa Assurance (CS: WASS ), which rose 5.38% or 229 points to trade at 4485 at the close. Stroc Industrie (CS: STR ) added 4.47% or 1.24 points to end at 28.99 and LafargeHolcim Maroc (CS: LHM ) was up 3.24% or 54 points to 1719 in late trade.

Biggest losers included CIH (CS: CIH ), which lost 6.80% or 21.00 points to trade at 288.00 in late trade. Maghreb Oxygene (CS: OXYG ) declined 5.71% or 8.90 points to end at 147.00 and Snep (CS: SNP ) shed 5.04% or 34.00 points to 640.00.

Declining stocks outnumbered rising ones by 14 to 12 and 5 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for August delivery was up 0.26% or 0.19 to $74.33 a barrel. Meanwhile, Brent oil for delivery in September rose 0.66% or 0.51 to hit $78.27 a barrel, while the August Gold Futures contract rose 0.37% or 4.60 to trade at $1258.10 a troy ounce.

EUR/MAD was down 0.05% to 11.0550, while USD/MAD fell 0.18% to 9.4705.

The US Dollar Index Futures was down 0.14% at 94.19.

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