Morocco shares higher at close of trade; Moroccan All Shares up 0.08%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.08%
Credit: © Reuters. – Morocco equities were higher at the close on Friday, as gains in the Forestry & Paper , Banking and Telecoms sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.08%.

The biggest gainers of the session on the Moroccan All Shares were Med Paper (CS: PAP ), which rose 9.98% or 1.63 points to trade at 17.95 at the close. Maghreb Oxygene (CS: OXYG ) added 4.39% or 4.25 points to end at 100.85 and Bmce Bank (CS: BMCE ) was up 3.94% or 8.00 points to 211.00 in late trade.

Biggest losers included Fenie Brossette (CS: FBR ), which lost 5.98% or 6.16 points to trade at 96.74 in late trade. SMI (CS: SMI ) declined 5.97% or 182 points to end at 2866 and Sothema (CS: SOT ) shed 5.24% or 72 points to 1300.

Declining stocks outnumbered rising ones by 23 to 14 and 7 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for July delivery was down 2.43% or 1.23 to $49.33 a barrel. Meanwhile, Brent oil for delivery in August fell 2.27% or 1.18 to hit $50.77 a barrel, while the August Gold contract rose 0.03% or 0.35 to trade at $1273.05 a troy ounce.

EUR/MAD was down 0.13% to 10.9310, while USD/MAD fell 0.02% to 9.6700.

The US Dollar Index was up 0.36% at 94.44.

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