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Morocco stocks higher at close of trade; Moroccan All Shares up 1.18%

Published 10/28/2016, 01:05 PM
Updated 10/28/2016, 02:30 PM
© Reuters.  Morocco stocks higher at close of trade; Moroccan All Shares up 1.18%
MASI
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ATW
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ATH
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CDM
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COL
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MDP
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BANK
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BMC
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DISTR
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S2M
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Investing.com – Morocco stocks were higher after the close on Friday, as gains in the Distributors, Construction & Building Materials and Banking sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares rose 1.18% to hit a new 52-week high.

The best performers of the session on the Moroccan All Shares were Auto Hall (CS:AUTO), which rose 6.50% or 6.70 points to trade at 109.70 at the close. Meanwhile, Colorado (CS:COL) added 3.88% or 1.90 points to end at 50.90 and Attijariwafa Bank (CS:ATW) was up 3.71% or 14.00 points to 391.00 in late trade.

The worst performers of the session were CDM (CS:CDM), which fell 5.34% or 26 points to trade at 460 at the close. Med Paper (CS:PAP) declined 4.30% or 0.82 points to end at 18.23 and S2M (CS:S2M) was down 2.82% or 5.45 points to 188.05.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 19 to 13 and 10 ended unchanged.

Shares in Attijariwafa Bank (CS:ATW) rose to 5-year highs; up 3.71% or 14.00 to 391.00.

Crude oil for December delivery was down 1.87% or 0.93 to $48.79 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 1.29% or 0.65 to hit $49.82 a barrel, while the December Gold contract rose 0.75% or 9.50 to trade at $1279.00 a troy ounce.

EUR/MAD was up 0.44% to 10.8330, while USD/MAD fell 0.23% to 9.8739.

The US Dollar Index was down 0.50% at 98.43.

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