Morocco stocks higher at close of trade; Moroccan All Shares up 0.24%

Morocco stocks higher at close of trade; Moroccan All Shares up 0.24%

Oct 16, 2018

Morocco stocks were higher after the close on Tuesday, as gains in the Food Producers&Processors, Construction&Building Materials and Banking sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.24%.

The best performers of the session on the Moroccan All Shares were BMCI (CS:BMCI), which rose 6.69% or 47 points to trade at 750 at the close. Meanwhile, M2M Group (CS:M2M) added 4.07% or 19.00 points to end at 486.00 and Sonasid (CS:SOND) was up 2.82% or 15 points to 533 in late trade.

The worst performers of the session were Atlanta (CS:ATL), which fell 4.96% or 3.05 points to trade at 58.50 at the close. Residences Dar Saada SA (CS:RDS) declined 4.88% or 5.00 points to end at 97.50 and Jet Contractors (CS:JET) was down 4.38% or 14.40 points to 314.00.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 13 to 12 and 11 ended unchanged.

Shares in Atlanta (CS:ATL) fell to 52-week lows; losing 4.96% or 3.05 to 58.50. Shares in Jet Contractors (CS:JET) fell to 52-week lows; falling 4.38% or 14.40 to 314.00.

Crude oil for November delivery was up 0.26% or 0.19 to $71.97 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December rose 0.66% or 0.53 to hit $81.31 a barrel, while the December Gold Futures contract rose 0.15% or 1.90 to trade at $1232.20 a troy ounce.

EUR/MAD was down 0.02% to 10.9300, while USD/MAD fell 0.07% to 9.4351.

The US Dollar Index Futures was down 0.08% at 94.69.

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