Investing.com – Morocco equities were higher at the close on Wednesday, as gains in the Utilities, Mining and Insurance sectors propelled shares higher.
At the close in Casablanca, the Moroccan All Shares gained 0.87% to hit a new 52-week high.
The biggest gainers of the session on the Moroccan All Shares were Sonasid (CS:SOND), which rose 10.00% or 43 points to trade at 476 at the close. SMI (CS:SMI) added 6.00% or 150 points to end at 2650 and Managem (CS:MNG) was up 5.99% or 50 points to 892 in late trade.
Biggest losers included Residences Dar Saada SA (CS:RDS), which lost 2.11% or 4.00 points to trade at 185.00 in late trade. Salafin (CS:SLF) declined 1.87% or 15 points to end at 785 and Lesieur Cristal (CS:LESU) shed 1.69% or 2.20 points to 127.30.
Advancing stocks outnumbered falling ones by 25 to 13 and 6 ended unchanged on the Casablanca Stock Exchange.
In commodities trading, Crude oil for June delivery was down 0.73% or 0.32 to $43.33 a barrel. Meanwhile, Brent oil for delivery in July fell 1.47% or 0.66 to hit $44.31 a barrel, while the June Gold contract fell 1.05% or 13.60 to trade at $1278.20 a troy ounce.
EUR/MAD was down 0.14% to 10.9960, while USD/MAD fell 0.14% to 9.5640.
The US Dollar Index was up 0.29% at 93.29.