Investment Education

– Morocco stocks were higher after the close on Wednesday, as gains in the Insurance , Real Estate and Distributors sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares gained 0.60%.

The best performers of the session on the Moroccan All Shares were Stokvis Nord Afrique (CSE: SNA ), which rose 6.12% or 0.95 points to trade at 16.47 at the close. Meanwhile, Disway SA (CSE: DWY ) added 4.02% or 25.30 points to end at 655.30 and AFMA SA (CSE: AFM ) was up 3.03% or 33.00 points to 1,123.00 in late trade.

The worst performers of the session were SMI (CSE: SMI ), which fell 4.02% or 88.00 points to trade at 2,100.00 at the close. Salafin (CSE: SLF ) declined 3.74% or 20.90 points to end at 538.10 and Nationale d’Electrolyse et de Petrochimie Ste SA (CSE: SNP ) was down 3.07% or 16.00 points to 505.00.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 24 to 24 and 4 ended unchanged.

Crude oil for January delivery was up 0.49% or 0.34 to $69.11 a barrel. Elsewhere in commodities trading, Brent oil for delivery in February rose 0.47% or 0.34 to hit $72.66 a barrel, while the February Gold Futures contract rose 0.83% or 21.89 to trade at $2,668.19 a troy ounce.

EUR/MAD was up 0.09% to 10.55, while USD/MAD fell 0.09% to 10.02.

The US Dollar Index Futures was down 0.68% at 106.24.