Morocco shares higher at close of trade; Moroccan All Shares up 0.30%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.30%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Forestry & Paper , Chemicals and Holding Companies sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares rose 0.30%.

The biggest gainers of the session on the Moroccan All Shares were Fenie Brossette (CS: FBR ), which rose 8.08% or 9.85 points to trade at 131.75 at the close. Aluminum mar 1l (CS: ALU ) added 5.99% or 73 points to end at 1291 and Stroc Industrie (CS: STR ) was up 5.66% or 3.06 points to 57.10 in late trade.

Biggest losers included IB Maroc Com SA (CS: IBC ), which lost 8.16% or 8.80 points to trade at 99.00 in late trade. Taslif (CS: TSF1 ) declined 5.99% or 1.67 points to end at 26.22 and Nexans Maroc (CS: NEX ) shed 4.99% or 8.40 points to 160.00.

Advancing stocks outnumbered falling ones by 22 to 21 and 9 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for March delivery was up 0.15% or 0.08 to $53.26 a barrel. Meanwhile, Brent oil for delivery in March rose 0.05% or 0.03 to hit $55.47 a barrel, while the February Gold contract fell 0.95% or 11.55 to trade at $1199.25 a troy ounce.

EUR/MAD was up 0.03% to 10.7530, while USD/MAD fell 0.06% to 10.0111.

The US Dollar Index was down 0.26% at 100.01.

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