Morocco shares lower at close of trade; Moroccan All Shares down 1.58%

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Morocco shares lower at close of trade; Moroccan All Shares down 1.58%
Credit: © Reuters. – Morocco equities were lower at the close on Friday, as losses in the Oil & Gas , Chemicals and Construction & Building Materials sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares declined 1.58%.

The biggest gainers of the session on the Moroccan All Shares were S2M (CS: S2M ), which rose 4.97% or 11.00 points to trade at 232.00 at the close. Zellidja S.A (CS: ZELI ) added 4.57% or 7.00 points to end at 160.00 and Auto Hall (CS: AUTO ) was up 4.08% or 4.00 points to 102.00 in late trade.

Biggest losers included M2M Group (CS: M2M ), which lost 6.00% or 16.80 points to trade at 263.20 in late trade. Maghrebail (CS: MAB ) declined 5.99% or 42 points to end at 660 and Axa Credit (CS: AXC ) shed 5.99% or 21.05 points to 329.95.

Declining stocks outnumbered rising ones by 47 to 11 and 2 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for May delivery was up 6.49% or 2.42 to $39.68 a barrel. Meanwhile, Brent oil for delivery in June rose 6.14% or 2.42 to hit $41.85 a barrel, while the June Gold contract rose 0.47% or 5.80 to trade at $1243.30 a troy ounce.

EUR/MAD was up 0.09% to 10.9770, while USD/MAD fell 0.30% to 9.6079.

The US Dollar Index was down 0.29% at 94.23.

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