Investing.com – Morocco stocks were lower after the close on Wednesday, as losses in the Utilities, Forestry & Paper and Telecoms sectors led shares lower.
At the close in Casablanca, the Moroccan All Shares declined 0.40%.
The best performers of the session on the Moroccan All Shares were Oulmes (CS:OULM), which rose 4.80% or 82 points to trade at 1789 at the close. Meanwhile, M2M Group (CS:M2M) added 4.04% or 11.80 points to end at 303.90 and Micro Data SA (CS:MIC) was up 3.96% or 8.00 points to 210.00 in late trade.
The worst performers of the session were Lydec (CS:LYD), which fell 7.40% or 47.00 points to trade at 588.00 at the close. Afric Industries Sa (CS:AFIND) declined 4.50% or 13.50 points to end at 286.50 and Med Paper (CS:PAP) was down 3.97% or 1.20 points to 29.00.
Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 23 to 14 and 5 ended unchanged.
Shares in Afric Industries Sa (CS:AFIND) fell to 52-week lows; falling 4.50% or 13.50 to 286.50.
Crude oil for July delivery was down 0.64% or 0.33 to $51.14 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.65% or 0.35 to hit $53.80 a barrel, while the June Gold Futures contract fell 0.18% or 2.30 to trade at $1253.20 a troy ounce.
EUR/MAD was down 0.03% to 10.9210, while USD/MAD fell 0.00% to 9.7697.
The US Dollar Index Futures was up 0.02% at 97.30.