Morocco shares higher at close of trade; Moroccan All Shares up 0.21%

Investing.com – Morocco equities were higher at the close on Monday, as gains in the Insurance, Construction&Building Materials and Distributors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares rose 0.21% to hit a new 1-month high.

The biggest gainers of the session on the Moroccan All Shares were Ste Nationale de Siderurgie SA (CSE:SID), which rose 9.97% or 89.50 points to trade at 987.50 at the close. Realis. Mecaniques (CSE:SRM) added 9.89% or 43.00 points to end at 478.00 and Cartier Saada (CSE:CRS) was up 8.62% or 2.70 points to 34.03 in late trade.

Biggest losers included Taqa Morocco SA (CSE:TQM), which lost 4.54% or 68.00 points to trade at 1,431.00 in late trade. Involys (CSE:INV) declined 3.98% or 3.98 points to end at 96.02 and Nationale d’Electrolyse et de Petrochimie Ste SA (CSE:SNP) shed 2.65% or 12.80 points to 470.05.

Declining stocks outnumbered rising ones by 22 to 19 and 12 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for December delivery was up 2.22% or 1.54 to $71.03 a barrel. Meanwhile, Brent oil for delivery in January rose 2.04% or 1.49 to hit $74.59 a barrel, while the December Gold Futures contract rose 0.12% or 3.35 to trade at $2,752.55 a troy ounce.

EUR/MAD was up 0.29% to 10.71, while USD/MAD rose 0.06% to 9.82.

The US Dollar Index Futures was down 0.61% at 103.57.