Morocco shares higher at close of trade; Moroccan All Shares up 0.79%

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Morocco shares higher at close of trade; Moroccan All Shares up 0.79%
Credit: © Reuters. – Morocco equities were higher at the close on Monday, as gains in the Chemicals , Forestry & Paper and Food Producers & Processors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.79% to hit a new 3-year high.

The biggest gainers of the session on the Moroccan All Shares were Snep (CS: SNP ), which rose 9.91% or 10.05 points to trade at 111.50 at the close. IB Maroc Com SA (CS: IBC ) added 9.62% or 8.67 points to end at 98.79 and CIH (CS: CIH ) was up 5.28% or 14.95 points to 298.00 in late trade.

Biggest losers included Cartier Saada (CS: CRS ), which lost 5.65% or 1.17 points to trade at 19.52 in late trade. Stroc Industrie (CS: STR ) declined 4.02% or 1.95 points to end at 46.55 and Risma (CS: RIS ) shed 2.78% or 2.90 points to 101.50.

Advancing stocks outnumbered falling ones by 28 to 12 and 5 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for January delivery was up 3.08% or 1.42 to $47.48 a barrel. Meanwhile, Brent oil for delivery in February rose 2.86% or 1.38 to hit $49.62 a barrel, while the December Gold contract rose 0.98% or 11.60 to trade at $1190.00 a troy ounce.

EUR/MAD was down 0.07% to 10.6820, while USD/MAD rose 0.15% to 10.1025.

The US Dollar Index was up 0.02% at 101.50.

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