Morocco shares lower at close of trade; Moroccan All Shares down 0.41%

  • Stock Market News
Morocco shares lower at close of trade; Moroccan All Shares down 0.41%
Credit: © Reuters. – Morocco equities were lower at the close on Wednesday, as losses in the Construction & Building Materials , Pharmaceutical Industry and Food Producers & Processors sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares fell 0.41%.

The biggest gainers of the session on the Moroccan All Shares were Med Paper (CS: PAP ), which rose 9.99% or 1.90 points to trade at 20.91 at the close. Ennakl Automobiles SA (CS: NKL ) added 6.40% or 2.28 points to end at 37.88 and Snep (CS: SNP ) was up 3.33% or 15.80 points to 490.00 in late trade.

Biggest losers included Promopharm S.A. (CS: PRO ), which lost 5.99% or 60 points to trade at 950 in late trade. M2M Group (CS: M2M ) declined 4.43% or 21.90 points to end at 473.00 and Taqa Morocco SA (CS: TQM ) shed 3.58% or 32.00 points to 863.00.

Declining stocks outnumbered rising ones by 16 to 13 and 6 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for December delivery was up 1.45% or 0.96 to $67.39 a barrel. Meanwhile, Brent oil for delivery in December rose 0.88% or 0.67 to hit $77.11 a barrel, while the December Gold Futures contract fell 0.22% or 2.70 to trade at $1230.70 a troy ounce.

EUR/MAD was down 0.29% to 10.8570, while USD/MAD rose 0.42% to 9.5329.

The US Dollar Index Futures was up 0.50% at 96.19.

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