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Morocco stocks lower at close of trade; Moroccan All Shares down 0.05%

Published 05/11/2018, 01:05 PM
© Reuters.  Morocco stocks lower at close of trade; Moroccan All Shares down 0.05%
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Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Chemicals, Forestry & Paper and Oil & Gas sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.05% to hit a new 1-month low.

The best performers of the session on the Moroccan All Shares were M2M Group (CS:M2M), which rose 8.56% or 42.40 points to trade at 538.00 at the close. Meanwhile, Unimer (CS:UMR) added 5.60% or 9.40 points to end at 177.40 and Hps (CS:HPS) was up 5.06% or 94.00 points to 1950.00 in late trade.

The worst performers of the session were Total Maroc SA (CS:TMA), which fell 8.94% or 167.0 points to trade at 1702.0 at the close. Snep (CS:SNP) declined 7.71% or 50.90 points to end at 609.00 and Med Paper (CS:PAP) was down 3.92% or 1.00 points to 24.51.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 26 to 22 and 12 ended unchanged.

Crude oil for June delivery was down 0.48% or 0.34 to $71.02 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.12% or 0.09 to hit $77.38 a barrel, while the June Gold Futures contract fell 0.02% or 0.20 to trade at $1322.10 a troy ounce.

EUR/MAD was up 0.11% to 11.1830, while USD/MAD fell 0.19% to 9.3580.

The US Dollar Index Futures was down 0.26% at 92.33.

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