Rabat - Moroccan stocks are slowly picking up their pace. Thursday’s session closed trade in the green, as the MASI Index marked a 0.62 percent increase with 11,922 points.
Rabat – Moroccan stocks are slowly picking up their pace. Thursday’s session closed trade in the green, as the MASI Index marked a 0.62 percent increase with 11,922 points.
Casablanca Stock Exchange market was pulled up by gains in Chemicals, Software and Computer Services and Holding Companies sectors, leading the Moroccan All Shares higher.
Trade volume reaching MAD 146 million on the central market, with Taqa Morocco taking the biggest share of volumes with MAD 22 million. The Moroccan electricity producer gained 1.43 percent at MAD 852 per dividend.
Maroc Telecom closed yesterday’s trade on a 0.32 percent gain, exceeding MAD 140 per dividend. The company’s shares are at their fifth consecutive bullish session, tapping MAD 20 million of business volumes.
On the same note, Marsa Maroc with a 0.97 percent gain and Total Maroc with 2.44 percent both come in third position with MAD 14 million of trade volume each.
In terms of shares’ growth, the best performers of Thursday’s session were HPS with a 6.73 percent gain trading at MAD 1190 per dividend. The company thus dealing on the highest price ever reached since March 2008.
Maghreb Oxygen comes in second position with a 5.98 percent increase at MAD 118.70, followed by SNP which rose 3.69 percent at MAD 381.80 in late trade.
In total, rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 28 to 9 and 11 ended unchanged.
EUR/MAD was down 0.09 percent to 10.9130, while USD/MAD fell 0.15 percent to 9.7855.
The US Dollar Index Futures was up 0.04 percent at 97.26.