Morocco stocks higher at close of trade; Moroccan All Shares up 0.87%

Category: Stock Market

Morocco stocks were higher after the close on Wednesday, as gains in the Utilities, Mining and Insurance sectors led shares higher.At the close in Casablanca, the Moroccan All Shares rose 0.87% to hit a new 52-week high.The best performers of the session on the Moroccan All Shares were Sonasid (CS:SOND), which rose 10.00% or 43 points to trade at 476 at the close. Meanwhile, SMI (CS:SMI) added 6.00% or 150 points to end at 2650 and Managem (CS:MNG) was up 5.99% or 50 points to 892 in late trade.The worst performers of the session were Residences Dar Saada SA (CS:RDS), which fell 2.11% or 4.00 points to trade at 185.00 at the close. Salafin (CS:SLF) declined 1.87% or 15 points to end at 785 and Lesieur Cristal (CS:LESU) was down 1.69% or 2.20 points to 127.30.Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 25 to 13 and 6 ended unchanged.Crude oil for June delivery was down 0.71% or 0.31 to $43.34 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 1.42% or 0.64 to hit $44.33 a barrel, while the June Gold contract fell 1.06% or 13.75 to trade at $1278.05 a troy ounce.EUR/MAD was down 0.14% to 10.9960, while USD/MAD fell 0.14% to 9.5640.The US Dollar Index was up 0.28% at 93.28.