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

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Morocco shares lower at close of trade; Moroccan All Shares down 0.51%
Credit: © Reuters. – Morocco equities were lower at the close on Wednesday, as losses in the Construction & Building Materials , Insurance and Banking sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.51%.

The biggest gainers of the session on the Moroccan All Shares were Stroc Industrie (CS: STR ), which rose 8.73% or 2.14 points to trade at 26.65 at the close. Total Maroc SA (CS: TMA ) added 8.37% or 77.0 points to end at 997.0 and Managem (CS: MNG ) was up 7.86% or 71 points to 973 in late trade.

Biggest losers included LafargeHolcim Maroc (CS: LHM ), which lost 6.09% or 109 points to trade at 1680 in late trade. Saham Assurance (CS: SAH ) declined 3.14% or 45 points to end at 1390 and Taqa Morocco SA (CS: TQM ) shed 1.79% or 15.90 points to 874.10.

Advancing stocks outnumbered falling ones by 20 to 11 and 4 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for February delivery was up 3.94% or 1.79 to $47.20 a barrel. Meanwhile, Brent oil for delivery in March rose 3.75% or 2.02 to hit $55.82 a barrel, while the February Gold Futures contract rose 0.51% or 6.50 to trade at $1287.80 a troy ounce.

EUR/MAD was down 0.39% to 10.9083, while USD/MAD rose 0.53% to 9.6050.

The US Dollar Index Futures was up 0.64% at 96.352.

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