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Morocco stocks higher at close of trade; Moroccan All Shares up 0.72%

Published 11/01/2024, 11:10 AM
Updated 11/01/2024, 11:15 AM
© Reuters.  Morocco stocks higher at close of trade; Moroccan All Shares up 0.72%
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Investing.com – Morocco stocks were higher after the close on Friday, as gains in the Hotels, Restaurants & Leisure, Beverage and Banking sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.72% to hit a new 1-month high.

The best performers of the session on the Moroccan All Shares were M2M Group (CSE:M2M), which rose 8.55% or 47.00 points to trade at 597.00 at the close. Meanwhile, Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) added 5.36% or 30.00 points to end at 590.00 and Risma (CSE:RIS) was up 3.97% or 8.25 points to 216.25 in late trade.

The worst performers of the session were Cartier Saada (CSE:CRS), which fell 7.99% or 2.72 points to trade at 31.33 at the close. IB Maroc Com SA (CSE:IBC) declined 6.88% or 2.40 points to end at 32.50 and Realis. Mecaniques (CSE:SRM) was down 5.02% or 23.00 points to 435.00.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 30 to 23 and 4 ended unchanged.

Crude oil for December delivery was up 1.16% or 0.80 to $70.06 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 1.10% or 0.80 to hit $73.61 a barrel, while the December Gold Futures contract rose 0.29% or 8.05 to trade at $2,757.35 a troy ounce.

EUR/MAD was down 0.12% to 10.68, while USD/MAD fell 0.18% to 9.83.

The US Dollar Index Futures was up 0.13% at 104.02.

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