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Morocco stocks higher at close of trade; Moroccan All Shares up 0.66%

Published 07/04/2024, 11:10 AM
© Reuters.  Morocco stocks higher at close of trade; Moroccan All Shares up 0.66%
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Investing.com – Morocco stocks were higher after the close on Thursday, as gains in the Distributors, Beverage and Insurance sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares added 0.66%.

The best performers of the session on the Moroccan All Shares were Label Vie (CSE:LBV), which rose 5.81% or 247.00 points to trade at 4,497.00 at the close. Meanwhile, Wafa Assurance (CSE:WAA) added 5.29% or 208.00 points to end at 4,139.00 and Taqa Morocco SA (CSE:TQM) was up 4.23% or 55.00 points to 1,355.00 in late trade.

The worst performers of the session were IB Maroc Com SA (CSE:IBC), which fell 9.83% or 3.16 points to trade at 28.99 at the close. Balima (CSE:BAL) declined 5.98% or 13.75 points to end at 216.25 and S2M (CSE:S2M) was down 5.06% or 8.95 points to 168.00.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 27 to 26 and 3 ended unchanged.

Crude oil for August delivery was up 0.07% or 0.06 to $83.94 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.09% or 0.08 to hit $87.42 a barrel, while the August Gold Futures contract fell 0.04% or 0.95 to trade at $2,368.45 a troy ounce.

EUR/MAD was down 0.17% to 10.70, while USD/MAD fell 0.38% to 9.91.

The US Dollar Index Futures was down 0.26% at 104.80.

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