Morocco shares higher at close of trade; Moroccan All Shares up 0.49%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.49%
Credit: © Reuters. – Morocco equities were higher at the close on Tuesday, as gains in the Forestry & Paper , Electrical & Electronic equipment and Construction & Building Materials sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares rose 0.49%.

The biggest gainers of the session on the Moroccan All Shares were Realis. Mecaniques (CS: SRM ), which rose 6.00% or 14.40 points to trade at 254.40 at the close. Lafarge Ciments (CS: LAC ) added 5.02% or 88 points to end at 1840 and Med Paper (CS: PAP ) was up 4.67% or 0.78 points to 17.48 in late trade.

Biggest losers included Cartier Saada (CS: CRS ), which lost 6.00% or 1.20 points to trade at 18.80 in late trade. Delattre Levivier Maroc (CS: DLM ) declined 6.00% or 11.40 points to end at 178.60 and Rebab Company (CS: REBA ) shed 5.90% or 7.80 points to 124.20.

Declining stocks outnumbered rising ones by 18 to 15 and 3 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for August delivery was down 5.16% or 2.53 to $46.46 a barrel. Meanwhile, Brent oil for delivery in September fell 4.91% or 2.46 to hit $47.64 a barrel, while the August Gold contract rose 1.37% or 18.35 to trade at $1357.35 a troy ounce.

EUR/MAD was down 0.21% to 10.8630, while USD/MAD rose 0.36% to 9.7946.

The US Dollar Index was up 0.51% at 96.10.

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