Morocco shares lower at close of trade; Moroccan All Shares down 0.60%

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Morocco shares lower at close of trade; Moroccan All Shares down 0.60%
Credit: © Reuters. – Morocco equities were lower at the close on Friday, as losses in the Real Estate , Forestry & Paper and Distributors sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.60% to hit a new 1-month low.

The biggest gainers of the session on the Moroccan All Shares were Fenie Brossette (CS: FBR ), which rose 9.67% or 7.85 points to trade at 89.00 at the close. Managem (CS: MNG ) added 7.92% or 77 points to end at 1050 and Salafin (CS: SLF ) was up 5.00% or 45 points to 945 in late trade.

Biggest losers included Douja Prom Addoha (CS: ADH ), which lost 9.94% or 1.56 points to trade at 14.14 in late trade. IB Maroc Com SA (CS: IBC ) declined 9.93% or 6.95 points to end at 63.05 and Alliances (CS: ADI ) shed 8.92% or 7 points to 77.

Declining stocks outnumbered rising ones by 25 to 18 and 2 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for February delivery was up 1.97% or 0.93 to $48.02 a barrel. Meanwhile, Brent oil for delivery in March rose 2.06% or 1.15 to hit $57.10 a barrel, while the February Gold Futures contract fell 0.56% or 7.20 to trade at $1287.60 a troy ounce.

EUR/MAD was up 0.02% to 10.8600, while USD/MAD fell 0.14% to 9.5180.

The US Dollar Index Futures was down 0.21% at 95.672.

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