Morocco stocks higher at close of trade; Moroccan All Shares up 0.73%

Jul 30, 2018

Morocco stocks were higher after the close on Monday, as gains in the Beverage, Food Producers&Processors and Oil&Gas sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.73%.

The best performers of the session on the Moroccan All Shares were Saham Assurance (CS:SAH), which rose 9.86% or 138 points to trade at 1538 at the close. Meanwhile, CDM (CS:CDM) added 5.47% or 28 points to end at 540 and Brasseries Du Maroc (CS:SBM) was up 4.09% or 110 points to 2800 in late trade.

The worst performers of the session were Timar (CS:TIM), which fell 5.98% or 12.85 points to trade at 202.15 at the close. Stokvis Nord Afrique (CS:SNA) declined 4.92% or 0.88 points to end at 17.00 and SMI (CS:SMI) was down 4.35% or 80 points to 1760.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 0 to 0.

Shares in SMI (CS:SMI) fell to 5-year lows; falling 4.35% or 80 to 1760.

Crude oil for September delivery was up 1.95% or 1.34 to $70.03 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October rose 0.96% or 0.72 to hit $75.48 a barrel, while the August Gold Futures contract fell 0.08% or 1.00 to trade at $1222.00 a troy ounce.

EUR/MAD was up 0.20% to 11.0570, while USD/MAD fell 0.31% to 9.4371.

The US Dollar Index Futures was down 0.43% at 94.06.