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Morocco shares higher at close of trade; Moroccan All Shares up 0.22%

Published 22/09/2016, 18:05
© Reuters.  Morocco shares higher at close of trade; Moroccan All Shares up 0.22%

Investing.com – Morocco equities were higher at the close on Thursday, as gains in the Holding Companies, Hotels, Restaurants & Leisure and Distributors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.22%.

The biggest gainers of the session on the Moroccan All Shares were M2M Group (CS:M2M), which rose 9.13% or 27.20 points to trade at 325.20 at the close. Fenie Brossette (CS:FBR) added 7.40% or 6.75 points to end at 98.00 and Delta Holding S.A (CS:DHO) was up 5.82% or 1.10 points to 20.00 in late trade.

Biggest losers included Eqdom (CS:EQDM), which lost 5.82% or 59 points to trade at 955 in late trade. Timar (CS:TIM) declined 4.27% or 12.05 points to end at 270.00 and Brasseries Du Maroc (CS:SBM) shed 2.07% or 40 points to 1890.

Advancing stocks outnumbered falling ones by 30 to 10 and 8 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for November delivery was up 2.25% or 1.02 to $46.36 a barrel. Meanwhile, Brent oil for delivery in November rose 1.60% or 0.75 to hit $47.58 a barrel, while the December Gold contract rose 1.00% or 13.35 to trade at $1344.75 a troy ounce.

EUR/MAD was up 0.12% to 10.9110, while USD/MAD fell 0.18% to 9.7191.

The US Dollar Index was down 0.30% at 95.17.

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