Investing.com – Morocco equities were higher at the close on Friday, as gains in the Forestry & Paper, Utilities and Mining sectors propelled shares higher.
At the close in Casablanca, the Moroccan All Shares gained 1.89% to hit a new 3-month high.
The biggest gainers of the session on the Moroccan All Shares were Med Paper (CS:PAP), which rose 9.97% or 3.19 points to trade at 35.19 at the close. Saham Assurance (CS:SAH) added 9.93% or 133 points to end at 1473 and Lydec (CS:LYD) was up 9.52% or 60.00 points to 690.00 in late trade.
Biggest losers included Stroc Industrie (CS:STR), which lost 4.73% or 2.14 points to trade at 43.06 in late trade. Sonasid (CS:SOND) declined 1.48% or 6 points to end at 400 and Jet Contractors (CS:JET) shed 1.23% or 1.75 points to 140.00.
Advancing stocks outnumbered falling ones by 41 to 10 and 8 ended unchanged on the Casablanca Stock Exchange.
In commodities trading, Crude oil for August delivery was down 3.30% or 1.50 to $44.02 a barrel. Meanwhile, Brent oil for delivery in September fell 3.33% or 1.60 to hit $46.51 a barrel, while the August Gold Futures contract fell 1.06% or 13.00 to trade at $1210.30 a troy ounce.
EUR/MAD was down 0.01% to 11.0130, while USD/MAD fell 0.02% to 9.6400.
The US Dollar Index Futures was up 0.20% at 95.77.