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Morocco stocks higher at close of trade; Moroccan All Shares up 0.06%

Published 05/09/2015, 02:05 am
© Reuters.  Morocco stocks higher at close of trade; Moroccan All Shares up 0.06%

Investing.com – Morocco stocks were higher after the close on Friday, as gains in the Forestry & Paper, Oil & Gas and Mining sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.06%.

The best performers of the session on the Moroccan All Shares were Managem (CS:MNG), which rose 6.38% or 50 points to trade at 830 at the close. Meanwhile, M2M Group (CS:M2M) added 5.98% or 12.10 points to end at 214.20 and Afriquia Gaz (CS:AGAZ1) was up 4.97% or 97 points to 2048 in late trade.

The worst performers of the session were Timar (CS:TIM), which fell 6.00% or 24.00 points to trade at 376.00 at the close. Sonasid (CS:SOND) declined 6.00% or 40 points to end at 620 and Stokvis Nord Afrique (CS:SNA) was down 6.00% or 1.47 points to 23.03.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 19 to 18 and 5 ended unchanged.

Shares in Stokvis Nord Afrique (CS:SNA) fell to all time lows; losing 6.00% or 1.47 to 23.03.

Crude oil for October delivery was down 1.30% or 0.61 to $46.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in October fell 1.55% or 0.79 to hit $49.90 a barrel, while the December Gold contract fell 0.34% or 3.80 to trade at $1120.70 a troy ounce.

EUR/MAD was down 0.03% to 10.8530, while USD/MAD rose 0.06% to 9.7620.

The US Dollar Index was up 0.09% at 96.41.

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