Morocco shares lower at close of trade; Moroccan All Shares down 1.80%

  • Stock Market News
Morocco shares lower at close of trade; Moroccan All Shares down 1.80%
Credit: © Reuters. – Morocco equities were lower at the close on Tuesday, as losses in the Insurance , Beverage and Real Estate sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares lost 1.80% to hit a new 52-week low.

The biggest gainers of the session on the Moroccan All Shares were CIH (CS: CIH ), which rose 7.97% or 22.80 points to trade at 309.00 at the close. Afric Industries Sa (CS: AFIND ) added 5.90% or 16.00 points to end at 287.00 and Taqa Morocco SA (CS: TQM ) was up 5.35% or 46.90 points to 923.00 in late trade.

Biggest losers included Alliances (CS: ADI ), which lost 9.96% or 12 points to trade at 109 in late trade. Wafa Assurance (CS: WASS ) declined 8.55% or 398 points to end at 4256 and Brasseries Du Maroc (CS: SBM ) shed 5.80% or 167 points to 2710.

Declining stocks outnumbered rising ones by 28 to 11 and 3 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for August delivery was down 0.18% or 0.13 to $73.81 a barrel. Meanwhile, Brent oil for delivery in September unchanged 0.00% or 0.00 to hit $77.30 a barrel, while the August Gold Futures contract rose 1.10% or 13.70 to trade at $1255.40 a troy ounce.

EUR/MAD was up 0.01% to 11.0570, while USD/MAD fell 0.03% to 9.4968.

The US Dollar Index Futures was down 0.23% at 94.38.

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