Morocco shares higher at close of trade; Moroccan All Shares up 0.50%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.50%
Credit: © Reuters. – Morocco equities were higher at the close on Wednesday, as gains in the Chemicals , Oil & Gas and Real Estate sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.50% to hit a new 3-year high.

The biggest gainers of the session on the Moroccan All Shares were Cartier Saada (CS: CRS ), which rose 4.88% or 0.93 points to trade at 20.00 at the close. CDM (CS: CDM ) added 4.35% or 20 points to end at 480 and Total Maroc SA (CS: TMA ) was up 4.09% or 42.0 points to 1070.0 in late trade.

Biggest losers included Maroc Leasing (CS: MLE ), which lost 3.80% or 15.00 points to trade at 380.00 in late trade. Stroc Industrie (CS: STR ) declined 3.74% or 1.71 points to end at 44.00 and Fenie Brossette (CS: FBR ) shed 3.63% or 3.62 points to 96.00.

Advancing stocks outnumbered falling ones by 23 to 11 and 11 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for December delivery was down 3.09% or 1.44 to $45.23 a barrel. Meanwhile, Brent oil for delivery in January fell 3.07% or 1.48 to hit $46.66 a barrel, while the December Gold contract rose 1.40% or 18.05 to trade at $1306.05 a troy ounce.

EUR/MAD was up 0.06% to 10.8700, while USD/MAD fell 0.50% to 9.7786.

The US Dollar Index was down 0.54% at 97.23.

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