Morocco shares lower at close of trade; Moroccan All Shares down 0.53%

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Morocco shares lower at close of trade; Moroccan All Shares down 0.53%
Credit: © Reuters. – Morocco equities were lower at the close on Wednesday, as losses in the Real Estate , Construction & Building Materials and Chemicals sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.53% to hit a new 1-month low.

The biggest gainers of the session on the Moroccan All Shares were BMCI (CS: BMCI ), which rose 2.24% or 19 points to trade at 869 at the close. S2M (CS: S2M ) added 2.05% or 5.40 points to end at 268.40 and Jet Contractors (CS: JET ) was up 1.96% or 7.00 points to 365.00 in late trade.

Biggest losers included M2M Group (CS: M2M ), which lost 6.75% or 27.00 points to trade at 373.00 in late trade. Fenie Brossette (CS: FBR ) declined 4.60% or 7.95 points to end at 165.00 and Promopharm S.A. (CS: PRO ) shed 3.94% or 61 points to 1489.

Declining stocks outnumbered rising ones by 23 to 11 and 7 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.61% or 0.35 to $57.91 a barrel. Meanwhile, Brent oil for delivery in February rose 0.56% or 0.36 to hit $64.16 a barrel, while the February Gold Futures contract rose 0.32% or 4.10 to trade at $1268.30 a troy ounce.

EUR/MAD was up 0.16% to 11.1830, while USD/MAD fell 0.25% to 9.4065.

The US Dollar Index Futures was down 0.17% at 92.89.

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