Investing.com – Morocco stocks were higher after the close on Wednesday, as gains in the Utilities, Insurance and Oil & Gas sectors led shares higher.
At the close in Casablanca, the Moroccan All Shares rose 0.36%.
The best performers of the session on the Moroccan All Shares were Lydec (CS:LYD), which rose 4.35% or 25.00 points to trade at 600.00 at the close. Meanwhile, Taqa Morocco SA (CS:TQM) added 3.17% or 26.00 points to end at 845.00 and Wafa Assurance (CS:WASS) was up 2.94% or 130 points to 4550 in late trade.
The worst performers of the session were IB Maroc Com SA (CS:IBC), which fell 3.21% or 2.89 points to trade at 87.11 at the close. Centrale Danone (CS:CDA) declined 2.44% or 20 points to end at 800 and Alliances (CS:ADI) was down 1.23% or 2 points to 160.
Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 20 to 10 and 13 ended unchanged.
Shares in Taqa Morocco SA (CS:TQM) rose to all time highs; up 3.17% or 26.00 to 845.00.
Crude oil for July delivery was down 2.58% or 1.28 to $48.38 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 2.60% or 1.36 to hit $50.88 a barrel, while the June Gold Futures contract rose 0.63% or 7.91 to trade at $1270.01 a troy ounce.
EUR/MAD was up 0.12% to 10.9440, while USD/MAD fell 0.13% to 9.7422.
The US Dollar Index Futures was down 0.34% at 96.89.