Morocco shares higher at close of trade; Moroccan All Shares up 0.36%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.36%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Utilities , Insurance and Oil & Gas sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.36%.

The biggest gainers of the session on the Moroccan All Shares were Lydec (CS: LYD ), which rose 4.35% or 25.00 points to trade at 600.00 at the close. Taqa Morocco SA (CS: TQM ) added 3.17% or 26.00 points to end at 845.00 and Wafa Assurance (CS: WASS ) was up 2.94% or 130 points to 4550 in late trade.

Biggest losers included IB Maroc Com SA (CS: IBC ), which lost 3.21% or 2.89 points to trade at 87.11 in late trade. Centrale Danone (CS: CDA ) declined 2.44% or 20 points to end at 800 and Alliances (CS: ADI ) shed 1.23% or 2 points to 160.

Advancing stocks outnumbered falling ones by 20 to 10 and 13 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for July delivery was down 2.56% or 1.27 to $48.39 a barrel. Meanwhile, Brent oil for delivery in August fell 2.58% or 1.35 to hit $50.89 a barrel, while the June Gold Futures contract rose 0.63% or 7.92 to trade at $1270.02 a troy ounce.

EUR/MAD was up 0.12% to 10.9440, while USD/MAD fell 0.13% to 9.7422.

The US Dollar Index Futures was down 0.34% at 96.89.

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