STOCKS NEWS AFRICA-Morocco's stocks up led by Maroc Telecom

Wed Jun 9, 2010 3:47pm GMT

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1544GMT 09June10 - Morocco's stocks up led by Maroc Telecom

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Morocco's bourse rises for a third day on gains by leading blue chips as investors warmed to the country's positive macro-economic conditions, one trader says.

"The biggest stocks extended gains mainly because of renewed interests by foreign investors heartened by the country's good macro-economic situation," said Bachir Tazi, a trader from CFG brokerage.

Maroc Telecom (IAM.CS: Quote) rises 1.9 percent and property developer edges up 0.04 percent while Attijariwafabank (ATW.CS: Quote) adds 0.62 percent and conglomerate ONA ONA.CS advances 0.24 percent.

The benchmark all-share index .MASI rises 0.45 percent, bringing to 17.49 percent its total gains for the year so far. Continued...

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