Rabat - Casablanca Stock Exchange returned to its upward trend on Wednesday as the Moroccan All Shares Index overcame Tuesday’s drop with a 0.44 percent gain to 12.106 point.
Rabat – Casablanca Stock Exchange returned to its upward trend on Wednesday as the Moroccan All Shares Index overcame Tuesday’s drop with a 0.44 percent gain to 12.106 point.
Morocco’s stocks were pulled up as gains in the Food Producers & Processors, Software & Computer Services and Banking sectors led shares higher.
Registering a slight decrease compared to past session, trade volumes settled at MAD 58 million exchanged on the central market.
SNEP picked up its pace with a 0.61 percent gain while the telecommunication giant Maroc Telecom dropped by 0.36 percent at MAD 8 million of exchanged volumes.
The top performers of Wednesday’s session were Cosumar with a 3.66 percent increase trading at MAD 304 per dividend at close, followed by Colorado with a 3.08 percent gain at MAD 63.91. In third place came Micro Data SA, which rose to a 5-year high with 3.06 percent at MAD 222 per dividend at close of trade.
Stroc Industrie registered a sharp decrease of 5.07 percent trading at MAD 43.05 at the close, making the company the worst performer of yesterday’s session. Cartier Saada comes second with a 4.24 percent decline at MAD 22.60 per dividend, followed by CTM which was down 2.03 percent to MAD 870.
In total, rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 20 to 17 and 7 ended unchanged.
EUR/MAD was up 0.02 percent to MAD 10.9880, while USD/MAD rose 0.10 percent to MAD 9.6918.
The US Dollar Index Futures was up 0.07 percent at MAD 96.06.