Morocco shares lower at close of trade; Moroccan All Shares down 0.15%

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Morocco shares lower at close of trade; Moroccan All Shares down 0.15%
Credit: © Reuters. – Morocco equities were lower at the close on Wednesday, as losses in the Utilities , Beverage and Hotels, Restaurants & Leisure sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.15%.

The biggest gainers of the session on the Moroccan All Shares were Med Paper (CS: PAP ), which rose 9.97% or 2.38 points to trade at 26.24 at the close. Snep (CS: SNP ) added 7.56% or 11.95 points to end at 170.10 and AFMA SA (CS: AFM ) was up 6.13% or 49 points to 849 in late trade.

Biggest losers included Lydec (CS: LYD ), which lost 6.65% or 36.00 points to trade at 505.00 in late trade. BMCI (CS: BMCI ) declined 6.25% or 40 points to end at 600 and Taqa Morocco SA (CS: TQM ) shed 4.81% or 37.90 points to 750.10.

Declining stocks outnumbered rising ones by 28 to 21 and 5 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for February delivery was up 0.54% or 0.29 to $54.19 a barrel. Meanwhile, Brent oil for delivery in March rose 0.44% or 0.25 to hit $57.08 a barrel, while the February Gold contract rose 0.12% or 1.35 to trade at $1140.15 a troy ounce.

EUR/MAD was down 0.40% to 10.5950, while USD/MAD rose 0.41% to 10.1995.

The US Dollar Index was up 0.43% at 103.44.

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