Investing.com – Morocco equities were higher at the close on Friday, as gains in the Forestry & Paper, Insurance and Utilities sectors propelled shares higher.
At the close in Casablanca, the Moroccan All Shares added 1.34% to hit a new 1-month high.
The biggest gainers of the session on the Moroccan All Shares were Med Paper (CS:PAP), which rose 9.87% or 2.74 points to trade at 30.51 at the close. Wafa Assurance (CS:WASS) added 6.00% or 264 points to end at 4666 and Oulmes (CS:OULM) was up 5.76% or 98 points to 1798 in late trade.
Biggest losers included Stroc Industrie (CS:STR), which lost 3.55% or 1.69 points to trade at 45.90 in late trade. Jet Contractors (CS:JET) declined 2.72% or 4.00 points to end at 143.00 and Marsa Maroc SA (CS:MSA) shed 1.45% or 2.00 points to 136.00.
Advancing stocks outnumbered falling ones by 34 to 8 and 6 ended unchanged on the Casablanca Stock Exchange.
In commodities trading, Crude oil for June delivery was up 0.43% or 0.21 to $49.18 a barrel. Meanwhile, Brent oil for delivery in July rose 0.33% or 0.17 to hit $51.99 a barrel, while the June Gold Futures contract rose 0.17% or 2.20 to trade at $1268.10 a troy ounce.
EUR/MAD was up 0.11% to 10.8150, while USD/MAD fell 0.16% to 9.9220.
The US Dollar Index Futures was down 0.16% at 98.86.