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Morocco shares higher at close of trade; Moroccan All Shares up 1.49%

Published 06/08/2024, 16:10
Updated 06/08/2024, 16:15
© Reuters.  Morocco shares higher at close of trade; Moroccan All Shares up 1.49%
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Investing.com – Morocco equities were higher at the close on Tuesday, as gains in the Real Estate, Mining and Pharmaceutical Industry sectors propelled shares higher.

At the close in Casablanca, the Moroccan All Shares rose 1.49%.

The biggest gainers of the session on the Moroccan All Shares were S2M (CSE:S2M), which rose 8.30% or 14.95 points to trade at 195.00 at the close. SMI (CSE:SMI) added 6.63% or 142.00 points to end at 2,285.00 and Ciments Du Maroc (CSE:CMA) was up 4.17% or 74.00 points to 1,849.00 in late trade.

Biggest losers included Dari Couspate SA (CSE:DRI), which lost 5.91% or 218.00 points to trade at 3,470.00 in late trade. AFMA SA (CSE:AFM) declined 1.88% or 24.00 points to end at 1,255.00 and Auto Hall (CSE:ATH) shed 1.86% or 1.30 points to 68.50.

Advancing stocks outnumbered falling ones by 35 to 16 and 10 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for September delivery was up 0.36% or 0.26 to $73.20 a barrel. Meanwhile, Brent oil for delivery in October rose 0.18% or 0.14 to hit $76.44 a barrel, while the December Gold Futures contract fell 0.79% or 19.25 to trade at $2,425.15 a troy ounce.

EUR/MAD was down 0.21% to 10.73, while USD/MAD rose 0.09% to 9.84.

The US Dollar Index Futures was up 0.25% at 102.74.

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