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

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Morocco shares lower at close of trade; Moroccan All Shares down 0.05%
Credit: © Reuters. – Morocco equities were lower at the close on Friday, as losses in the Chemicals , Forestry & Paper and Oil & Gas sectors propelled shares lower.

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

The biggest gainers 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. 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.

Biggest losers included Total Maroc SA (CS: TMA ), which lost 8.94% or 167.0 points to trade at 1702.0 in late trade. Snep (CS: SNP ) declined 7.71% or 50.90 points to end at 609.00 and Med Paper (CS: PAP ) shed 3.92% or 1.00 points to 24.51.

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

In commodities trading, Crude oil for June delivery was down 0.48% or 0.34 to $71.02 a barrel. Meanwhile, Brent oil for delivery in July fell 0.10% or 0.08 to hit $77.39 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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