Moroccan Shares Rise 0.13% as Banking, Beverage and Transport Sectors Lead Gains

Morocco’s stock market finished higher on Wednesday, as gains in the banking, beverage and transport sectors led shares upward.

In Casablanca, the Moroccan All Shares added 0.13% at the close.

Among the session’s top performers on the Moroccan All Shares, Aluminum du Maroc SA (CSE:ALM) advanced 4.09% (up 73.00 points) to close at 1,859.00. Zellidja S.A (CSE:ZDJ) rose 3.33% (9.95 points) to end at 308.95, while Disway SA (CSE:DWY) gained 3.21% (23.40 points) to finish at 753.00 in late trade.

The biggest decliners of the session included Cartier Saada (CSE:CRS), which fell 1.96% (or 0.44 points) to 22.00 at the close. Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR) declined 1.91% (3.45 points) to close at 177.55, and CDM (CSE:CDM) slid 1.59% (16.00 points) to 992.00.

On the Casablanca Stock Exchange, declining stocks outnumbered advancing ones by 33 to 22, while six issues closed unchanged.

Cartier Saada (CSE:CRS) shares fell to a 52-week low, dropping 1.96% (0.44 points) to close at 22.00.

In commodities, October crude oil rose 3.67% (up $3.41) to $96.44 a barrel. November Brent gained 3.40% ($3.33) to $101.25, while December gold futures declined 0.14% ($6.16) to $4,432.84 per troy ounce.

EUR/MAD slipped 0.62% to 10.87, while USD/MAD declined 0.14% to 9.36.

The US Dollar Index Futures ticked up 0.01% to 98.79.