Morocco shares higher at close of trade; Moroccan All Shares up 0.29%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.29%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Forestry & Paper , Banking and Real Estate sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.29%.

The biggest gainers of the session on the Moroccan All Shares were Med Paper (CS: PAP ), which rose 9.99% or 3.39 points to trade at 37.34 at the close. Centrale Danone (CS: CDA ) added 5.99% or 56 points to end at 996 and Maghreb Oxygene (CS: OXYG ) was up 5.98% or 6.70 points to 118.70 in late trade.

Biggest losers included Jet Contractors (CS: JET ), which lost 7.81% or 13.65 points to trade at 161.15 in late trade. Snep (CS: SNP ) declined 6.64% or 20.85 points to end at 293.00 and BMCI (CS: BMCI ) shed 3.13% or 20 points to 620.

Advancing stocks outnumbered falling ones by 21 to 20 and 9 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for February delivery was down 0.88% or 0.46 to $52.02 a barrel. Meanwhile, Brent oil for delivery in March fell 0.70% or 0.39 to hit $55.08 a barrel, while the February Gold contract fell 0.00% or 0.05 to trade at $1212.85 a troy ounce.

EUR/MAD was up 0.18% to 10.7310, while USD/MAD rose 0.45% to 10.0455.

The US Dollar Index was up 0.48% at 100.74.

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