Morocco shares lower at close of trade; Moroccan All Shares down 0.93%

Investing.com – Morocco equities were lower at the close on Wednesday, as losses in the Hotels, Restaurants & Leisure , Mining and Banking sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.93% to hit a new 1-month low.

The biggest gainers of the session on the Moroccan All Shares were Agma Lahlou-Tazi (CS: AGMA ), which rose 5.98% or 165 points to trade at 2925 at the close. Stokvis Nord Afrique (CS: SNA ) added 4.67% or 0.87 points to end at 19.50 and Med Paper (CS: PAP ) was up 3.48% or 1.02 points to 30.33 in late trade.

Biggest losers included Managem (CS: MNG ), which lost 4.01% or 71 points to trade at 1700 in late trade. Marsa Maroc SA (CS: MSA ) declined 3.87% or 6.30 points to end at 156.70 and Jet Contractors (CS: JET ) shed 3.74% or 15.15 points to 390.00.

Declining stocks outnumbered rising ones by 26 to 15 and 7 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for May delivery was up 2.27% or 1.44 to $64.98 a barrel. Meanwhile, Brent oil for delivery in May rose 2.46% or 1.66 to hit $69.08 a barrel, while the April Gold Futures contract rose 0.94% or 12.30 to trade at $1324.20 a troy ounce.

EUR/MAD was up 0.08% to 11.2900, while USD/MAD fell 0.12% to 9.2044.

The US Dollar Index Futures was down 0.28% at 89.76.