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Morocco stocks lower at close of trade; Moroccan All Shares down 0.07%

Published 07/08/2024, 11:10 AM
© Reuters.  Morocco stocks lower at close of trade; Moroccan All Shares down 0.07%
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Investing.com – Morocco stocks were lower after the close on Monday, as losses in the Utilities, Food Producers & Processors and Real Estate sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares fell 0.07%.

The best performers of the session on the Moroccan All Shares were Societe des Boissons du Maroc SA (CSE:SBM), which rose 6.99% or 168.00 points to trade at 2,573.00 at the close. Meanwhile, Cartier Saada (CSE:CRS) added 3.78% or 1.19 points to end at 32.69 and Marocaine Ste de Therapeutique SA (CSE:SOT) was up 3.77% or 36.00 points to 990.00 in late trade.

The worst performers of the session were M2M Group (CSE:M2M), which fell 5.89% or 26.50 points to trade at 423.50 at the close. S2M (CSE:S2M) declined 3.95% or 7.00 points to end at 170.00 and Stokvis Nord Afrique (CSE:SNA) was down 3.56% or 0.39 points to 10.58.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 23 to 18 and 12 ended unchanged.

Shares in M2M Group (CSE:M2M) fell to 3-years lows; down 5.89% or 26.50 to 423.50.

Crude oil for August delivery was down 0.40% or 0.33 to $82.83 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 0.23% or 0.20 to hit $86.34 a barrel, while the August Gold Futures contract fell 0.65% or 15.60 to trade at $2,382.10 a troy ounce.

EUR/MAD was unchanged 0.04% to 10.68, while USD/MAD fell 0.18% to 9.86.

The US Dollar Index Futures was up 0.03% at 104.58.

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