Investing.com – Morocco equities were higher at the close on Monday, as gains in the Insurance, Real Estate and Banking sectors propelled shares higher.
At the close in Casablanca, the Moroccan All Shares added 0.05% to hit a new 1-month high.
The biggest gainers of the session on the Moroccan All Shares were Stroc Industrie (CS:STR), which rose 9.18% or 2.25 points to trade at 26.75 at the close. Wafa Assurance (CS:WASS) added 8.48% or 339 points to end at 4339 and SMI (CS:SMI) was up 3.92% or 56 points to 1486 in late trade.
Biggest losers included Afric Industries Sa (CS:AFIND), which lost 5.98% or 16.45 points to trade at 258.45 in late trade. Lydec (CS:LYD) declined 5.48% or 28.50 points to end at 491.50 and Oulmes (CS:OULM) shed 5.42% or 78 points to 1362.
Declining stocks outnumbered rising ones by 17 to 16 and 4 ended unchanged on the Casablanca Stock Exchange.
In commodities trading, Crude oil for January delivery was up 2.69% or 1.37 to $52.30 a barrel. Meanwhile, Brent oil for delivery in February rose 2.39% or 1.42 to hit $60.88 a barrel, while the February Gold Futures contract rose 1.13% or 13.80 to trade at $1239.80 a troy ounce.
EUR/MAD was up 0.14% to 10.7940, while USD/MAD fell 0.19% to 9.5048.
The US Dollar Index Futures was down 0.40% at 96.812.