Morocco shares higher at close of trade; Moroccan All Shares up 0.27%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.27%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Forestry & Paper , Chemicals and Real Estate sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.27% to hit a new 1-month high.

The biggest gainers of the session on the Moroccan All Shares were Med Paper (CS: PAP ), which rose 4.92% or 1.53 points to trade at 32.60 at the close. Aluminum mar 1l (CS: ALU ) added 3.07% or 39 points to end at 1310 and Saham Assurance (CS: SAH ) was up 2.90% or 45 points to 1595 in late trade.

Biggest losers included CTM (CS: CTM ), which lost 4.73% or 40.00 points to trade at 805.00 in late trade. S2M (CS: S2M ) declined 3.56% or 9.70 points to end at 263.10 and Taqa Morocco SA (CS: TQM ) shed 2.17% or 20.70 points to 934.30.

Advancing stocks outnumbered falling ones by 19 to 8 and 9 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.56% or 0.35 to $63.31 a barrel. Meanwhile, Brent oil for delivery in March rose 0.16% or 0.11 to hit $68.93 a barrel, while the February Gold Futures contract rose 0.32% or 4.20 to trade at $1317.90 a troy ounce.

EUR/MAD was up 0.03% to 11.2020, while USD/MAD fell 0.15% to 9.3677.

The US Dollar Index Futures was down 0.23% at 92.02.

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