Investing.com – Morocco equities were higher at the close on Wednesday, as gains in the Forestry & Paper, Pharmaceutical Industry and Hotels, Restaurants & Leisure sectors propelled shares higher.
At the close in Casablanca, the Moroccan All Shares rose 0.61% to hit a new 6-month high.
The biggest gainers of the session on the Moroccan All Shares were Sothema (CS:SOT), which rose 5.92% or 77 points to trade at 1377 at the close. Managem (CS:MNG) added 5.63% or 44 points to end at 825 and Med Paper (CS:PAP) was up 5.14% or 0.73 points to 14.93 in late trade.
Biggest losers included Zellidja S.A (CS:ZELI), which lost 5.98% or 9.10 points to trade at 142.90 in late trade. Disway SA (CS:DWY) declined 5.63% or 15.00 points to end at 251.05 and Promopharm S.A. (CS:PRO) shed 4.25% or 59 points to 1326.
Declining stocks outnumbered rising ones by 16 to 16 and 12 ended unchanged on the Casablanca Stock Exchange.
In commodities trading, Crude oil for June delivery was up 1.86% or 0.82 to $44.86 a barrel. Meanwhile, Brent oil for delivery in July rose 2.13% or 0.97 to hit $46.55 a barrel, while the June Gold contract rose 0.57% or 7.05 to trade at $1250.45 a troy ounce.
EUR/MAD was up 0.30% to 10.9470, while USD/MAD rose 0.10% to 9.6705.
The US Dollar Index was down 0.05% at 94.40.