Morocco shares higher at close of trade; Moroccan All Shares up 0.43%

Investing.com – Morocco equities were higher at the close on Tuesday, as gains in the Forestry & Paper , Utilities and Insurance sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.43% to hit a new 3-month high.

The biggest gainers of the session on the Moroccan All Shares were Med Paper (CS: PAP ), which rose 6.57% or 1.38 points to trade at 22.38 at the close. Alliances (CS: ADI ) added 5.79% or 4 points to end at 78 and Wafa Assurance (CS: WASS ) was up 5.16% or 196 points to 3998 in late trade.

Biggest losers included Delattre Levivier Maroc (CS: DLM ), which lost 5.38% or 7.00 points to trade at 123.00 in late trade. S2M (CS: S2M ) declined 4.10% or 12.05 points to end at 281.90 and Eqdom (CS: EQDM ) shed 3.94% or 41 points to 1000.

Advancing stocks outnumbered falling ones by 21 to 16 and 6 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for March delivery was up 2.79% or 1.45 to $53.44 a barrel. Meanwhile, Brent oil for delivery in April rose 2.59% or 1.55 to hit $61.36 a barrel, while the February Gold Futures contract rose 0.42% or 5.45 to trade at $1308.55 a troy ounce.

EUR/MAD was up 0.03% to 10.8897, while USD/MAD rose 0.02% to 9.5307.

The US Dollar Index Futures was up 0.07% at 95.488.