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Morocco shares higher at close of trade; Moroccan All Shares up 1.21%

Published 21/03/2016, 17:05
Updated 21/03/2016, 17:05
© Reuters.  Morocco shares higher at close of trade; Moroccan All Shares up 1.21%

Investing.com – Morocco equities were higher at the close on Monday, as gains in the Construction & Building Materials, Mining and Chemicals sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 1.21% to hit a new 6-month high.

The biggest gainers of the session on the Moroccan All Shares were Miniere Touissit (CS:CMT), which rose 10.00% or 103 points to trade at 1133 at the close. Lafarge Ciments (CS:LAC) added 10.00% or 167 points to end at 1837 and Holcim Maroc SA (CS:HOL) was up 9.89% or 180 points to 2000 in late trade.

Biggest losers included Eqdom (CS:EQDM), which lost 5.71% or 50 points to trade at 825 in late trade. Stroc Industrie (CS:STR) declined 4.40% or 2.49 points to end at 54.00 and Cosumar (CS:CSMR) shed 3.06% or 6 points to 190.

Declining stocks outnumbered rising ones by 18 to 18 and 6 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for May delivery was up 0.66% or 0.27 to $41.41 a barrel. Meanwhile, Brent oil for delivery in May rose 0.51% or 0.21 to hit $41.41 a barrel, while the April Gold contract fell 0.73% or 9.20 to trade at $1245.10 a troy ounce.

EUR/MAD was down 0.10% to 10.9170, while USD/MAD rose 0.16% to 9.7120.

The US Dollar Index was up 0.32% at 95.37.

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