Stock jumps 5% after signing agreement with Marriott to open 7 new luxury hotels in India & Sri Lanka
Investing.com – Morocco equities were lower at the close on Thursday, as losses in the Utilities, Banks and Mining sectors led shares lower.
At the close in Casablanca, the Moroccan All Shares lost 1.34% to hit a new 1-month low.
The biggest gainers of the session on the Moroccan All Shares were Societe des Boissons du Maroc SA (CSE:SBM), which rose 4.93% or 100.00 points to trade at 2,130.00 at the close. M2M Group (CSE:M2M) added 3.54% or 18.00 points to end at 526.00 and Aluminum mar 1l (CSE:ALM) was up 2.64% or 46.00 points to 1,790.00 in late trade.
Biggest losers included Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR), which fell 9.98% or 17.25 points to trade at 155.65 in late trade. Med Paper (CSE:MDP) declined 5.28% or 1.11 points to end at 19.90 and Risma (CSE:RIS) down 5.07% or 16.60 points to 311.00.
Falling stocks outnumbered advancing ones by 42 to 10 and 5 ended unchanged on the Casablanca Stock Exchange.
Crude oil for August delivery was up 2.82% or 2.07 to $75.57 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 2.80% or 2.15 to hit $78.85 a barrel, while the August Gold Futures contract fell 0.69% or 23.50 to trade at $3,384.60 a troy ounce.
EUR/MAD was unchanged 0.02% to 10.51, while USD/MAD rose 0.12% to 9.16.
The US Dollar Index Futures was up 0.15% at 98.61.