Morocco shares higher at close of trade; Moroccan All Shares up 1.96%

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Morocco shares higher at close of trade; Moroccan All Shares up 1.96%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Utilities , Chemicals and Oil & Gas sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 1.96%.

The biggest gainers of the session on the Moroccan All Shares were Alliances (CS: ADI ), which rose 9.99% or 24 points to trade at 269 at the close. Stroc Industrie (CS: STR ) added 9.98% or 5.14 points to end at 56.62 and Involys (CS: INV ) was up 7.75% or 10.50 points to 146.00 in late trade.

Biggest losers included CDM (CS: CDM ), which lost 5.98% or 32 points to trade at 503 in late trade. Nexans Maroc (CS: NEX ) declined 5.94% or 10.00 points to end at 158.30 and Promopharm S.A. (CS: PRO ) shed 5.94% or 95 points to 1505.

Advancing stocks outnumbered falling ones by 35 to 14 and 5 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.93% or 0.47 to $49.95 a barrel. Meanwhile, Brent oil for delivery in December fell 0.54% or 0.30 to hit $55.70 a barrel, while the December Gold Futures contract fell 0.19% or 2.42 to trade at $1275.48 a troy ounce.

EUR/MAD was up 0.04% to 11.1030, while USD/MAD fell 0.10% to 9.4374.

The US Dollar Index Futures was down 0.12% at 93.31.

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