Morocco shares lower at close of trade; Moroccan All Shares down 0.05%

Investing.com – Morocco equities were lower at the close on Wednesday, as losses in the Holding Companies , Invest Companies & Other Finance and Oil & Gas sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.05%.

The biggest gainers of the session on the Moroccan All Shares were Managem (CS: MNG ), which rose 9.98% or 86 points to trade at 942 at the close. SMI (CS: SMI ) added 5.96% or 154 points to end at 2734 and Holcim Maroc SA (CS: HOL ) was up 5.61% or 124 points to 2334 in late trade.

Biggest losers included IB Maroc Com SA (CS: IBC ), which lost 6.00% or 8.10 points to trade at 126.90 in late trade. Bmce Bank (CS: BMCE ) declined 3.97% or 8.50 points to end at 205.50 and Stroc Industrie (CS: STR ) shed 3.55% or 1.77 points to 48.01.

Declining stocks outnumbered rising ones by 22 to 18 and 5 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for September delivery was down 2.54% or 1.09 to $41.83 a barrel. Meanwhile, Brent oil for delivery in October fell 2.92% or 1.32 to hit $43.91 a barrel, while the December Gold contract rose 0.42% or 5.55 to trade at $1333.85 a troy ounce.

EUR/MAD was down 0.01% to 10.8390, while USD/MAD fell 0.07% to 9.8605.

The US Dollar Index was up 0.13% at 97.30.