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Morocco shares higher at close of trade; Moroccan All Shares up 0.77%

Published 19/11/2024, 15:10
© Reuters.  Morocco shares higher at close of trade; Moroccan All Shares up 0.77%
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Investing.com – Morocco equities were higher at the close on Tuesday, as gains in the Real Estate, Construction & Building Materials and Food Producers & Processors sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.77% to hit a new all time high.

The biggest gainers of the session on the Moroccan All Shares were Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR), which rose 5.41% or 2.49 points to trade at 48.49 at the close. Societe d’Exploitation des Ports SA (CSE:MSA) added 3.15% or 17.00 points to end at 557.00 and Risma (CSE:RIS) was up 2.79% or 5.80 points to 213.80 in late trade.

Biggest losers included Realis. Mecaniques (CSE:SRM), which lost 9.99% or 52.95 points to trade at 477.05 in late trade. IB Maroc Com SA (CSE:IBC) declined 6.67% or 2.40 points to end at 33.60 and Colorado (CSE:COL) shed 2.89% or 1.52 points to 51.00.

Declining stocks outnumbered rising ones by 22 to 22 and 12 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for January delivery was up 0.78% or 0.54 to $69.71 a barrel. Meanwhile, Brent oil for delivery in January rose 0.74% or 0.54 to hit $73.84 a barrel, while the December Gold Futures contract rose 0.65% or 17.10 to trade at $2,631.70 a troy ounce.

EUR/MAD was unchanged 0.02% to 10.55, while USD/MAD fell 0.21% to 9.99.

The US Dollar Index Futures was up 0.07% at 106.27.

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