Investing.com – Morocco equities were higher at the close on Wednesday, as gains in the Beverage, Software & Computer Services and Pharmaceutical Industry sectors propelled shares higher.
At the close in Casablanca, the Moroccan All Shares gained 0.58% to hit a new 6-month high.
The biggest gainers of the session on the Moroccan All Shares were Managem (CS:MNG), which rose 6.00% or 37 points to trade at 657 at the close. Realis. Mecaniques (CS:SRM) added 5.74% or 10.00 points to end at 184.00 and M2M Group (CS:M2M) was up 5.42% or 14.20 points to 276.00 in late trade.
Biggest losers included Risma (CS:RIS), which lost 5.44% or 6.75 points to trade at 117.25 in late trade. Stokvis Nord Afrique (CS:SNA) declined 3.84% or 1.00 points to end at 25.00 and Saham Assurance (CS:SAH) shed 3.44% or 33 points to 926.
Advancing stocks outnumbered falling ones by 24 to 17 and 7 ended unchanged on the Casablanca Stock Exchange.
In commodities trading, Crude oil for May delivery was down 3.23% or 1.34 to $40.11 a barrel. Meanwhile, Brent oil for delivery in May fell 2.54% or 1.06 to hit $40.73 a barrel, while the April Gold contract fell 1.96% or 24.50 to trade at $1224.10 a troy ounce.
EUR/MAD was unchanged 0.00% to 10.8910, while USD/MAD rose 0.40% to 9.7477.
The US Dollar Index was up 0.51% at 96.16.