Morocco shares higher at close of trade; Moroccan All Shares up 0.50%

Investing.com – Morocco equities were higher at the close on Thursday, as gains in the Construction&Building Materials, Beverage and Forestry&Paper sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.50% to hit a new 5-year high.

The biggest gainers of the session on the Moroccan All Shares were Colorado (CSE:COL), which rose 4.56% or 2.29 points to trade at 52.50 at the close. Ciments Du Maroc (CSE:CMA) added 4.37% or 80.00 points to end at 1,910.00 and Societe des Boissons du Maroc SA (CSE:SBM) was up 1.83% or 44.00 points to 2,449.00 in late trade.

Biggest losers included Realis. Mecaniques (CSE:SRM), which lost 10.00% or 56.70 points to trade at 510.40 in late trade. Lesieur Cristal (CSE:LES) declined 3.13% or 8.90 points to end at 275.00 and Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) shed 3.04% or 18.00 points to 570.00.

Advancing stocks outnumbered falling ones by 23 to 19 and 8 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for December delivery was up 1.15% or 0.79 to $69.22 a barrel. Meanwhile, Brent oil for delivery in January rose 1.08% or 0.78 to hit $73.06 a barrel, while the December Gold Futures contract fell 0.51% or 13.30 to trade at $2,573.20 a troy ounce.

EUR/MAD was down 0.58% to 10.52, while USD/MAD rose 0.29% to 9.99.

The US Dollar Index Futures was up 0.09% at 106.47.