Morocco shares higher at close of trade; Moroccan All Shares up 0.15%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.15%
Credit: © Reuters. – Morocco equities were higher at the close on Thursday, as gains in the Forestry & Paper , Utilities and Food Producers & Processors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.15% 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 9.97% or 2.90 points to trade at 32.00 at the close. S2M (CS: S2M ) added 6.56% or 16.00 points to end at 260.00 and IB Maroc Com SA (CS: IBC ) was up 5.23% or 4.50 points to 90.50 in late trade.

Biggest losers included Afric Industries Sa (CS: AFIND ), which lost 5.98% or 17.95 points to trade at 282.00 in late trade. Involys (CS: INV ) declined 5.31% or 6.90 points to end at 123.10 and Bmce Bank (CS: BMCE ) shed 1.72% or 3.55 points to 203.00.

Advancing stocks outnumbered falling ones by 24 to 11 and 9 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for August delivery was up 2.19% or 0.99 to $46.12 a barrel. Meanwhile, Brent oil for delivery in September rose 1.90% or 0.91 to hit $48.70 a barrel, while the August Gold Futures contract rose 0.08% or 0.98 to trade at $1222.68 a troy ounce.

EUR/MAD was up 0.21% to 11.0110, while USD/MAD fell 0.33% to 9.6468.

The US Dollar Index Futures was down 0.40% at 95.59.

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