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Morocco stocks lower at close of trade; Moroccan All Shares down 0.51%

Published 03/31/2017, 01:05 PM
Updated 03/31/2017, 01:05 PM
© Reuters.  Morocco stocks lower at close of trade; Moroccan All Shares down 0.51%

© Reuters. Morocco stocks lower at close of trade; Moroccan All Shares down 0.51%

Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Forestry & Paper, Chemicals and Electrical & Electronic equipment sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares fell 0.51% to hit a new 3-months low.

The best performers of the session on the Moroccan All Shares were Ciments Du Maroc (CS:SCM), which rose 7.87% or 105 points to trade at 1440 at the close. Meanwhile, Cartier Saada (CS:CRS) added 7.34% or 1.60 points to end at 23.40 and Wafa Assurance (CS:WASS) was up 5.34% or 235 points to 4638 in late trade.

The worst performers of the session were IB Maroc Com SA (CS:IBC), which fell 9.99% or 10.99 points to trade at 99.01 at the close. Total Maroc SA (CS:TMA) declined 9.93% or 149.0 points to end at 1351.0 and Realis. Mecaniques (CS:SRM) was down 9.89% or 35.90 points to 327.00.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 27 to 11 and 6 ended unchanged.

Crude oil for May delivery was up 0.08% or 0.04 to $50.39 a barrel. Elsewhere in commodities trading, Brent oil for delivery in June rose 0.19% or 0.10 to hit $53.23 a barrel, while the April Gold Futures contract rose 0.25% or 3.10 to trade at $1248.10 a troy ounce.

EUR/MAD was up 0.10% to 10.7350, while USD/MAD fell 0.11% to 10.0355.

The US Dollar Index Futures was down 0.27% at 100.18.

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