Investing.com – Morocco equities were higher at the close on Wednesday, as gains in the Construction & Building Materials, Forestry & Paper and Transport sectors propelled shares higher.
At the close in Casablanca, the Moroccan All Shares rose 0.71% to hit a new 3-month high.
The biggest gainers of the session on the Moroccan All Shares were M2M Group (CS:M2M), which rose 4.43% or 12.95 points to trade at 305.00 at the close. Ciments Du Maroc (CS:SCM) added 2.82% or 40 points to end at 1460 and LafargeHolcim Maroc (CS:LHM) was up 2.42% or 49 points to 2074 in late trade.
Biggest losers included Afric Industries Sa (CS:AFIND), which lost 5.98% or 18.25 points to trade at 286.75 in late trade. Salafin (CS:SLF) declined 4.55% or 40 points to end at 840 and Colorado (CS:COL) shed 4.16% or 2.69 points to 62.00.
Advancing stocks outnumbered falling ones by 27 to 18 and 2 ended unchanged on the Casablanca Stock Exchange.
In commodities trading, Crude oil for August delivery was up 1.11% or 0.49 to $44.73 a barrel. Meanwhile, Brent oil for delivery in September rose 1.28% or 0.60 to hit $47.52 a barrel, while the August Gold Futures contract rose 0.25% or 3.10 to trade at $1250.00 a troy ounce.
EUR/MAD was down 0.70% to 11.0010, while USD/MAD fell 1.00% to 9.6720.
The US Dollar Index Futures was down 0.44% at 95.76.