Morocco shares lower at close of trade; Moroccan All Shares down 0.55%

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Morocco shares lower at close of trade; Moroccan All Shares down 0.55%
Credit: © Reuters.

Investing.com – Morocco equities were lower at the close on Friday, as losses in the Forestry & Paper , Hotels, Restaurants & Leisure and Banking sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.55%.

The biggest gainers of the session on the Moroccan All Shares were Maghrebail (CS: MAB ), which rose 5.98% or 49 points to trade at 868 at the close. M2M Group (CS: M2M ) added 2.98% or 8.70 points to end at 301.00 and Delattre Levivier Maroc (CS: DLM ) was up 2.86% or 5.00 points to 180.00 in late trade.

Biggest losers included Fenie Brossette (CS: FBR ), which lost 8.42% or 8.25 points to trade at 89.75 in late trade. Timar (CS: TIM ) declined 4.35% or 10.00 points to end at 220.00 and Med Paper (CS: PAP ) shed 3.07% or 0.58 points to 18.31.

Declining stocks outnumbered rising ones by 19 to 18 and 12 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for December delivery was down 1.43% or 0.64 to $44.02 a barrel. Meanwhile, Brent oil for delivery in January fell 1.73% or 0.80 to hit $45.55 a barrel, while the December Gold contract rose 0.09% or 1.15 to trade at $1304.45 a troy ounce.

EUR/MAD was down 0.17% to 10.8710, while USD/MAD fell 0.27% to 9.7760.

The US Dollar Index was down 0.11% at 97.08.

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