Morocco shares higher at close of trade; Moroccan All Shares up 0.72%

Investing.comNov 1, 2024 3:40 PM

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Investing.com – Morocco equities were higher at the close on Friday, as gains in the Hotels, Restaurants&Leisure, Beverage and Banking sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares rose 0.72% to hit a new 1-month high.

The biggest gainers of the session on the Moroccan All Shares were M2M Group (CSE:M2M), which rose 8.55% or 47.00 points to trade at 597.00 at the close. Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) added 5.36% or 30.00 points to end at 590.00 and Risma (CSE:RIS) was up 3.97% or 8.25 points to 216.25 in late trade.

Biggest losers included Cartier Saada (CSE:CRS), which lost 7.99% or 2.72 points to trade at 31.33 in late trade. IB Maroc Com SA (CSE:IBC) declined 6.88% or 2.40 points to end at 32.50 and Realis. Mecaniques (CSE:SRM) shed 5.02% or 23.00 points to 435.00.

Advancing stocks outnumbered falling ones by 30 to 23 and 4 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for December delivery was up 1.16% or 0.80 to $70.06 a barrel. Meanwhile, Brent oil for delivery in January rose 1.10% or 0.80 to hit $73.61 a barrel, while the December Gold Futures contract rose 0.30% or 8.35 to trade at $2,757.65 a troy ounce.

EUR/MAD was down 0.12% to 10.68, while USD/MAD fell 0.18% to 9.83.

The US Dollar Index Futures was up 0.14% at 104.02.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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