Morocco shares higher at close of trade; Moroccan All Shares up 0.38%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.38%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Transport , Pharmaceutical Industry and Utilities sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.38% to hit a new 3-month high.

The biggest gainers of the session on the Moroccan All Shares were Aluminum mar 1l (CS: ALU ), which rose 8.34% or 127 points to trade at 1649 at the close. CTM (CS: CTM ) added 8.30% or 69.00 points to end at 900.00 and Sothema (CS: SOT ) was up 5.94% or 95 points to 1695 in late trade.

Biggest losers included Fenie Brossette (CS: FBR ), which lost 9.99% or 8.74 points to trade at 78.74 in late trade. Stroc Industrie (CS: STR ) declined 7.87% or 2.03 points to end at 23.77 and Med Paper (CS: PAP ) shed 6.17% or 1.38 points to 21.00.

Declining stocks outnumbered rising ones by 22 to 20 and 5 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for March delivery was up 2.93% or 1.56 to $54.87 a barrel. Meanwhile, Brent oil for delivery in April rose 1.94% or 1.19 to hit $62.39 a barrel, while the February Gold Futures contract rose 0.04% or 0.50 to trade at $1309.40 a troy ounce.

EUR/MAD was up 0.01% to 10.8849, while USD/MAD rose 0.15% to 9.5370.

The US Dollar Index Futures was up 0.11% at 95.623.

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