Morocco shares lower at close of trade; Moroccan All Shares down 1.20%

Investing.com – Morocco equities were lower at the close on Wednesday, as losses in the Mining , Invest Companies & Other Finance and Construction & Building Materials sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares lost 1.20% to hit a new 52-week low.

The biggest gainers of the session on the Moroccan All Shares were Involys (CS: INV ), which rose 9.32% or 11.40 points to trade at 133.70 at the close. M2M Group (CS: M2M ) added 3.00% or 13.80 points to end at 473.80 and BCP (CS: BCP ) was up 1.10% or 3.00 points to 276.50 in late trade.

Biggest losers included Managem (CS: MNG ), which lost 9.94% or 153 points to trade at 1387 in late trade. IB Maroc Com SA (CS: IBC ) declined 7.00% or 4.89 points to end at 65.01 and Salafin (CS: SLF ) shed 5.83% or 63 points to 1017.

Declining stocks outnumbered rising ones by 29 to 5 and 8 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for August delivery was down 3.08% or 2.28 to $71.83 a barrel. Meanwhile, Brent oil for delivery in September fell 4.11% or 3.24 to hit $75.62 a barrel, while the August Gold Futures contract fell 0.84% or 10.50 to trade at $1244.90 a troy ounce.

EUR/MAD was down 0.15% to 11.0680, while USD/MAD rose 0.26% to 9.4601.

The US Dollar Index Futures was up 0.52% at 94.34.