Morocco shares lower at close of trade; Moroccan All Shares down 0.29%

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Morocco shares lower at close of trade; Moroccan All Shares down 0.29%
Credit: © Reuters. – Morocco equities were lower at the close on Monday, as losses in the Holding Companies , Beverage and Utilities sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.29%.

The biggest gainers of the session on the Moroccan All Shares were Timar (CS: TIM ), which rose 6.00% or 22.20 points to trade at 392.20 at the close. M2M Group (CS: M2M ) added 6.00% or 18.60 points to end at 328.60 and Aluminum mar 1l (CS: ALU ) was up 6.00% or 72 points to 1272 in late trade.

Biggest losers included Delta Holding S.A (CS: DHO ), which lost 5.98% or 1.52 points to trade at 23.86 in late trade. Brasseries Du Maroc (CS: SBM ) declined 5.72% or 110 points to end at 1810 and Managem (CS: MNG ) shed 5.51% or 36 points to 622.

Declining stocks outnumbered rising ones by 28 to 16 and 3 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for May delivery was down 0.48% or 0.19 to $39.27 a barrel. Meanwhile, Brent oil for delivery in June fell 0.80% or 0.33 to hit $40.70 a barrel, while the June Gold contract fell 0.23% or 2.80 to trade at $1220.70 a troy ounce.

EUR/MAD was unchanged 0.00% to 10.8940, while USD/MAD fell 0.21% to 9.7250.

The US Dollar Index was down 0.20% at 95.98.

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