Investing.com – Morocco stocks were higher after the close on Wednesday, as gains in the Holding Companies, Distributors and Telecoms sectors led shares higher.
At the close in Casablanca, the Moroccan All Shares added 0.10% 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 5.99% or 2.61 points to trade at 46.13 at the close. Meanwhile, Involys (CS:INV) added 5.97% or 6.75 points to end at 119.80 and Delta Holding S.A (CS:DHO) was up 5.51% or 1.24 points to 23.74 in late trade.
The worst performers of the session were Jet Contractors (CS:JET), which fell 6.00% or 10.80 points to trade at 169.20 at the close. CTM (CS:CTM) declined 5.99% or 25.10 points to end at 393.90 and Med Paper (CS:PAP) was down 5.96% or 0.89 points to 14.03.
Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 20 to 18 and 3 ended unchanged.
Shares in Jet Contractors (CS:JET) fell to 52-week lows; losing 6.00% or 10.80 to 169.20.
Crude oil for December delivery was down 2.90% or 1.39 to $46.51 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 3.29% or 1.67 to hit $48.88 a barrel, while the December Gold contract fell 0.13% or 1.40 to trade at $1112.70 a troy ounce.
EUR/MAD was down 0.39% to 10.7570, while USD/MAD rose 0.59% to 9.9045.
The US Dollar Index was up 0.81% at 98.03.