Morocco stocks higher at close of trade; Moroccan All Shares up 0.89%

Investing.com – Morocco stocks were higher after the close on Thursday, as gains in the Chemicals, Banking and Real Estate sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares rose 0.89%.

The best performers of the session on the Moroccan All Shares were Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR), which rose 5.64% or 2.48 points to trade at 46.47 at the close. Meanwhile, Nationale d’Electrolyse et de Petrochimie Ste SA (CSE:SNP) added 4.28% or 23.00 points to end at 560.00 and Alliances (CSE:ADI) was up 4.04% or 17.10 points to 440.00 in late trade.

The worst performers of the session were Societe des Boissons du Maroc SA (CSE:SBM), which fell 6.13% or 147.00 points to trade at 2,250.00 at the close. Wafa Assurance (CSE:WAA) declined 3.63% or 164.00 points to end at 4,351.00 and Label Vie (CSE:LBV) was down 3.15% or 135.00 points to 4,152.00.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 23 to 20 and 12 ended unchanged.

Shares in Alliances (CSE:ADI) rose to 5-year highs; up 4.04% or 17.10 to 440.00.

Crude oil for January delivery was up 0.42% or 0.29 to $68.83 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.43% or 0.31 to hit $72.62 a barrel, while the February Gold Futures contract fell 0.60% or 15.96 to trade at $2,660.24 a troy ounce.

EUR/MAD was down 0.13% to 10.47, while USD/MAD fell 0.08% to 9.94.

The US Dollar Index Futures was down 0.42% at 105.84.