Morocco shares higher at close of trade; Moroccan All Shares up 0.34%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.34%
Credit: © Reuters. – Morocco equities were higher at the close on Monday, as gains in the Forestry & Paper , Transport and Food Producers & Processors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares rose 0.34% to hit a new 3-month high.

The biggest gainers of the session on the Moroccan All Shares were Timar (CS: TIM ), which rose 5.43% or 12.00 points to trade at 233.00 at the close. Saham Assurance (CS: SAH ) added 2.92% or 38 points to end at 1339 and Med Paper (CS: PAP ) was up 2.59% or 0.75 points to 29.75 in late trade.

Biggest losers included Colorado (CS: COL ), which lost 3.88% or 2.50 points to trade at 62.00 in late trade. Bmce Bank (CS: BMCE ) declined 2.29% or 5.00 points to end at 213.00 and Stroc Industrie (CS: STR ) shed 0.99% or 0.45 points to 45.00.

Advancing stocks outnumbered falling ones by 29 to 6 and 7 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for August delivery was up 1.50% or 0.69 to $46.73 a barrel. Meanwhile, Brent oil for delivery in September rose 1.19% or 0.58 to hit $49.35 a barrel, while the August Gold Futures contract fell 1.68% or 20.83 to trade at $1221.47 a troy ounce.

EUR/MAD was down 0.22% to 10.9950, while USD/MAD rose 0.32% to 9.6803.

The US Dollar Index Futures was up 0.60% at 95.96.

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