2 months ago
Stock Market

Morocco stocks lower at close of trade; Moroccan All Shares down 0.60%

Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Real Estate, Forestry&Paper and Distributors

Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Real Estate, Forestry&Paper and Distributors sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares fell 0.60% to hit a new 1-month low.

The best performers of the session on the Moroccan All Shares were Fenie Brossette (CS:FBR), which rose 9.67% or 7.85 points to trade at 89.00 at the close. Meanwhile, Managem (CS:MNG) added 7.92% or 77 points to end at 1050 and Salafin (CS:SLF) was up 5.00% or 45 points to 945 in late trade.

The worst performers of the session were Douja Prom Addoha (CS:ADH), which fell 9.94% or 1.56 points to trade at 14.14 at the close. IB Maroc Com SA (CS:IBC) declined 9.93% or 6.95 points to end at 63.05 and Alliances (CS:ADI) was down 8.92% or 7 points to 77.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 25 to 18 and 2 ended unchanged.

Crude oil for February delivery was up 2.08% or 0.98 to $48.07 a barrel. Elsewhere in commodities trading, Brent oil for delivery in March rose 2.09% or 1.17 to hit $57.12 a barrel, while the February Gold Futures contract fell 0.55% or 7.10 to trade at $1287.70 a troy ounce.

EUR/MAD was up 0.04% to 10.8621, while USD/MAD fell 0.15% to 9.5175.

The US Dollar Index Futures was down 0.21% at 95.672.