Morocco shares lower at close of trade; Moroccan All Shares down 0.39%

Morocco shares lower at close of trade; Moroccan All Shares down 0.39%  | Oct 29, 2018 17:05

Morocco shares lower at close of trade; Moroccan All Shares down 0.39% – Morocco equities were lower at the close on Monday, as losses in the Telecoms, Construction & Building Materials and Mining sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.39% to hit a new 52-week low.

The biggest gainers of the session on the Moroccan All Shares were Snep (CS:SNP), which rose 3.48% or 18.00 points to trade at 535.00 at the close. Jet Contractors (CS:JET) added 2.17% or 7.00 points to end at 330.00 and Ciments Du Maroc (CS:SCM) was up 1.40% or 20 points to 1450 in late trade.

Biggest losers included Aluminum mar 1l (CS:ALU), which lost 5.88% or 100 points to trade at 1600 in late trade. CIH (CS:CIH) declined 2.41% or 6.95 points to end at 281.05 and S2M (CS:S2M) shed 1.96% or 5.00 points to 250.00.

Declining stocks outnumbered rising ones by 14 to 9 and 6 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for December delivery was down 0.47% or 0.32 to $67.27 a barrel. Meanwhile, Brent oil for delivery in January fell 0.09% or 0.07 to hit $77.55 a barrel, while the December Gold Futures contract fell 0.46% or 5.70 to trade at $1226.80 a troy ounce.

EUR/MAD was down 0.08% to 10.8500, while USD/MAD rose 0.13% to 9.5361.

The US Dollar Index Futures was up 0.33% at 96.45.

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