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

Stock market

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

At the close in Casablanca, the Moroccan All Shares gained 0.21%.

The best performers of the session on the Moroccan All Shares were IB Maroc Com SA (CS:IBC), which rose 9.89% or 9.60 points to trade at 106.70 at the close. Meanwhile, Taqa Morocco SA (CS:TQM) added 5.07% or 36.00 points to end at 746.00 and Cosumar(CS:CSMR) was up 5.02% or 9 points to 196 in late trade.

The worst performers of the session were Delattre Levivier Maroc (CS:DLM), which fell 5.96% or 10.55 points to trade at 166.50 at the close. Timar (CS:TIM) declined 5.87% or 18.50 points to end at 296.50 and Disway SA (CS:DWY) was down 3.59% or 8.80 points to 236.20.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 25 to 15 and 5 ended unchanged.

Shares in Taqa Morocco SA (CS:TQM) rose to all time highs; gaining 5.07% or 36.00 to 746.00. Shares in Timar (CS:TIM) fell to 5-year lows; losing 5.87% or 18.50 to 296.50.

Crude oil for September delivery was up 2.56% or 1.14 to $45.63 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 2.47% or 1.16 to hit $48.13 a barrel, while the December Gold contract rose 0.29% or 3.95 to trade at $1347.15 a troy ounce.

EUR/MAD was up 0.21% to 10.9110, while USD/MAD fell 0.27% to 9.7413.

The US Dollar Index was down 0.10% at 95.58.

Source by Investing.com