Investing.com – Morocco equities were higher at the close on Monday, as gains in the Hotels, Restaurants & Leisure, Banking and Insurance sectors propelled shares higher.
At the close in Casablanca, the Moroccan All Shares gained 0.68% to hit a new 1-month high.
The biggest gainers of the session on the Moroccan All Shares were Cartier Saada (CS:CRS), which rose 3.89% or 0.76 points to trade at 20.26 at the close. BCP (CS:BCP) added 2.78% or 6.30 points to end at 232.80 and Risma (CS:RIS) was up 2.50% or 4.75 points to 194.75 in late trade.
Biggest losers included Realis. Mecaniques (CS:SRM), which lost 5.49% or 8.90 points to trade at 153.00 in late trade. Stroc Industrie (CS:STR) declined 4.15% or 3.90 points to end at 90.00 and Nexans Maroc (CS:NEX) shed 3.01% or 5.00 points to 161.05.
Advancing stocks outnumbered falling ones by 19 to 14 and 6 ended unchanged on the Casablanca Stock Exchange.
In commodities trading, Crude oil for September delivery was down 2.78% or 1.31 to $45.81 a barrel. Meanwhile, Brent oil for delivery in September fell 3.84% or 2.00 to hit $50.20 a barrel, while the December Gold contract fell 0.36% or 3.90 to trade at $1091.20 a troy ounce.
EUR/MAD was up 0.31% to 10.7920, while USD/MAD rose 0.50% to 9.8425.
The US Dollar Index was up 0.18% at 97.49.