Morocco shares higher at close of trade; Moroccan All Shares up 3.04%

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Morocco shares higher at close of trade; Moroccan All Shares up 3.04%
Credit: © Reuters. – Morocco equities were higher at the close on Thursday, as gains in the Chemicals , Real Estate and Food Producers & Processors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 3.04% to hit a new 5-year high.

The biggest gainers of the session on the Moroccan All Shares were Alliances (CS: ADI ), which rose 10.00% or 11 points to trade at 116 at the close. Snep (CS: SNP ) added 9.99% or 18.65 points to end at 205.25 and Douja Prom Addoha (CS: ADH ) was up 9.98% or 4.49 points to 49.49 in late trade.

Biggest losers included Timar (CS: TIM ), which lost 5.99% or 18.75 points to trade at 294.25 in late trade. Dari Couspate SA (CS: DRI ) declined 5.93% or 175 points to end at 2775 and Aluminum mar 1l (CS: ALU ) shed 5.19% or 62 points to 1132.

Advancing stocks outnumbered falling ones by 42 to 8 and 3 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for February delivery was down 0.21% or 0.11 to $53.15 a barrel. Meanwhile, Brent oil for delivery in March fell 0.14% or 0.08 to hit $56.38 a barrel, while the February Gold contract rose 1.51% or 17.55 to trade at $1182.85 a troy ounce.

EUR/MAD was up 0.38% to 10.6940, while USD/MAD fell 0.56% to 10.0947.

The US Dollar Index was down 0.97% at 101.50.

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