2 months ago
Stock Market

Morocco stocks lower at close of trade; Moroccan All Shares down 0.58%

Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Utilities, Holding Companies and Chemicals

Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Utilities, Holding Companies and Chemicals sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.58%.

The best performers of the session on the Moroccan All Shares were BMCI (CS:BMCI), which rose 8.93% or 59 points to trade at 720 at the close. Meanwhile, M2M Group (CS:M2M) added 6.72% or 31.50 points to end at 500.00 and Alliances (CS:ADI) was up 6.25% or 5 points to 85 in late trade.

The worst performers of the session were Total Maroc SA (CS:TMA), which fell 9.59% or 105.0 points to trade at 990.0 at the close. Disway SA (CS:DWY) declined 8.94% or 27.00 points to end at 275.00 and Bmce Bank (CS:BMCE) was down 8.01% or 14.50 points to 166.50.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 37 to 18 and 4 ended unchanged.

Shares in Bmce Bank (CS:BMCE) fell to 5-year lows; losing 8.01% or 14.50 to 166.50.

Crude oil for February delivery was up 1.28% or 0.57 to $45.18 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 0.42% or 0.22 to hit $52.95 a barrel, while the February Gold Futures contract rose 0.07% or 0.85 to trade at $1281.95 a troy ounce.

EUR/MAD was up 0.20% to 10.9250, while USD/MAD rose 0.11% to 9.5462.

The US Dollar Index Futures was down 0.10% at 95.905.