Morocco stocks higher at close of trade; Moroccan All Shares up 0.44%

Aug 02, 2018

Morocco stocks were higher after the close on Thursday, as gains in the Hotels, Restaurants&Leisure, Oil&Gas and Software&Computer Services sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.44% to hit a new 1-month high.

The best performers of the session on the Moroccan All Shares were Stroc Industrie (CS:STR), which rose 8.24% or 2.20 points to trade at 28.90 at the close. Meanwhile, Zellidja S.A (CS:ZELI) added 5.93% or 5.77 points to end at 103.05 and Risma (CS:RIS) was up 4.12% or 6.80 points to 171.80 in late trade.

The worst performers of the session were Alliances (CS:ADI), which fell 3.54% or 4 points to trade at 108 at the close. Ciments Du Maroc (CS:SCM) declined 3.13% or 50 points to end at 1550 and Colorado (CS:COL) was down 2.56% or 2.00 points to 76.00.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 21 to 11 and 4 ended unchanged.

Crude oil for September delivery was up 2.16% or 1.46 to $69.12 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 1.57% or 1.14 to hit $73.53 a barrel, while the December Gold Futures contract fell 0.51% or 6.30 to trade at $1221.30 a troy ounce.

EUR/MAD was down 0.35% to 10.9940, while USD/MAD rose 0.10% to 9.4704.

The US Dollar Index Futures was up 0.44% at 94.88.