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Morocco stocks lower at close of trade; Moroccan All Shares down 0.55%

Published 11/04/2016, 01:05 PM
© Reuters.  Morocco stocks lower at close of trade; Moroccan All Shares down 0.55%
MASI
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DLM
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FBR
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M2M
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MAB
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MDP
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TIM
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BANK
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SP
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LH
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Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Forestry & Paper, Hotels, Restaurants & Leisure and Banking sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.55%.

The best performers of the session on the Moroccan All Shares were Maghrebail (CS:MAB), which rose 5.98% or 49 points to trade at 868 at the close. Meanwhile, M2M Group (CS:M2M) added 2.98% or 8.70 points to end at 301.00 and Delattre Levivier Maroc (CS:DLM) was up 2.86% or 5.00 points to 180.00 in late trade.

The worst performers of the session were Fenie Brossette (CS:FBR), which fell 8.42% or 8.25 points to trade at 89.75 at the close. Timar (CS:TIM) declined 4.35% or 10.00 points to end at 220.00 and Med Paper (CS:PAP) was down 3.07% or 0.58 points to 18.31.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 19 to 18 and 12 ended unchanged.

Shares in Timar (CS:TIM) fell to all time lows; losing 4.35% or 10.00 to 220.00.

Crude oil for December delivery was down 1.50% or 0.67 to $43.99 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 1.77% or 0.82 to hit $45.53 a barrel, while the December Gold contract rose 0.09% or 1.20 to trade at $1304.50 a troy ounce.

EUR/MAD was down 0.17% to 10.8710, while USD/MAD fell 0.27% to 9.7760.

The US Dollar Index was down 0.11% at 97.08.

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