1 month ago
Stock Market

Morocco stocks higher at close of trade; Moroccan All Shares up 0.43%

Investing.com – Morocco stocks were higher after the close on Tuesday, as gains in the Forestry&Paper, Utilities and Insurance sectors

Investing.com – Morocco stocks were higher after the close on Tuesday, as gains in the Forestry&Paper, Utilities and Insurance sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.43% to hit a new 3-months high.

The best performers of the session on the Moroccan All Shares were Med Paper (CS:PAP), which rose 6.57% or 1.38 points to trade at 22.38 at the close. Meanwhile, Alliances (CS:ADI) added 5.79% or 4 points to end at 78 and Wafa Assurance (CS:WASS) was up 5.16% or 196 points to 3998 in late trade.

The worst performers of the session were Delattre Levivier Maroc (CS:DLM), which fell 5.38% or 7.00 points to trade at 123.00 at the close. S2M (CS:S2M) declined 4.10% or 12.05 points to end at 281.90 and Eqdom (CS:EQDM) was down 3.94% or 41 points to 1000.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 21 to 16 and 6 ended unchanged.

Crude oil for March delivery was up 2.79% or 1.45 to $53.44 a barrel. Elsewhere in commodities trading, Brent oil for delivery in April rose 2.61% or 1.56 to hit $61.37 a barrel, while the February Gold Futures contract rose 0.42% or 5.45 to trade at $1308.55 a troy ounce.

EUR/MAD was up 0.05% to 10.8921, while USD/MAD rose 0.02% to 9.5307.

The US Dollar Index Futures was up 0.07% at 95.488.