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Morocco shares higher at close of trade; Moroccan All Shares up 1.57%

Published 2018-12-31, 12:05 p/m
© Reuters.  Morocco shares higher at close of trade; Moroccan All Shares up 1.57%
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Investing.com – Morocco equities were higher at the close on Monday, as gains in the Utilities, Beverage and Distributors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares rose 1.57% to hit a new 3-month high.

The biggest gainers of the session on the Moroccan All Shares were Auto Hall (CS:AUTO), which rose 9.99% or 7.29 points to trade at 80.29 at the close. Bmce Bank (CS:BMCE) added 9.97% or 16.60 points to end at 183.10 and Micro Data SA (CS:MIC) was up 7.89% or 19.45 points to 265.95 in late trade.

Biggest losers included Managem (CS:MNG), which lost 7.30% or 71 points to trade at 902 in late trade. Total Maroc SA (CS:TMA) declined 7.07% or 70.0 points to end at 920.0 and Stokvis Nord Afrique (CS:SNA) shed 4.32% or 0.61 points to 13.50.

Advancing stocks outnumbered falling ones by 32 to 7 and 10 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for February delivery was down 0.33% or 0.15 to $45.18 a barrel. Meanwhile, Brent oil for delivery in March fell 0.08% or 0.04 to hit $53.17 a barrel, while the February Gold Futures contract rose 0.11% or 1.40 to trade at $1284.40 a troy ounce.

EUR/MAD was up 0.25% to 10.9530, while USD/MAD rose 0.12% to 9.5606.

The US Dollar Index Futures was down 0.27% at 95.705.

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