Investing.com – Morocco equities were higher at the close on Thursday, as gains in the Forestry & Paper, Banking and Hotels, Restaurants & Leisure sectors propelled shares higher.
At the close in Casablanca, the Moroccan All Shares rose 0.31%.
The biggest gainers of the session on the Moroccan All Shares were IB Maroc Com SA (CS:IBC), which rose 5.99% or 4.65 points to trade at 82.24 at the close. Med Paper (CS:PAP) added 5.97% or 1.06 points to end at 18.81 and Jet Contractors (CS:JET) was up 4.80% or 7.70 points to 168.00 in late trade.
Biggest losers included Managem (CS:MNG), which lost 6.00% or 46 points to trade at 719 in late trade. SMI (CS:SMI) declined 5.98% or 155 points to end at 2436 and Stokvis Nord Afrique (CS:SNA) shed 4.34% or 1.00 points to 22.00.
Declining stocks outnumbered rising ones by 16 to 16 and 9 ended unchanged on the Casablanca Stock Exchange.
In commodities trading, Crude oil for August delivery was up 0.85% or 0.42 to $49.55 a barrel. Meanwhile, Brent oil for delivery in August rose 0.94% or 0.47 to hit $50.35 a barrel, while the August Gold contract fell 0.38% or 4.85 to trade at $1265.15 a troy ounce.
EUR/MAD was up 0.22% to 10.9610, while USD/MAD fell 0.32% to 9.6479.
The US Dollar Index was down 0.33% at 93.50.