Morocco shares lower at close of trade; Moroccan All Shares down 0.41%

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Morocco shares lower at close of trade; Moroccan All Shares down 0.41%
Credit: © Reuters. – Morocco equities were lower at the close on Wednesday, as losses in the Mining , Forestry & Paper and Insurance sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares fell 0.41%.

The biggest gainers of the session on the Moroccan All Shares were Aluminum mar 1l (CS: ALU ), which rose 5.56% or 50 points to trade at 950 at the close. Afric Industries Sa (CS: AFIND ) added 3.08% or 10.15 points to end at 340.00 and Realis. Mecaniques (CS: SRM ) was up 2.98% or 7.00 points to 242.00 in late trade.

Biggest losers included Managem (CS: MNG ), which lost 7.23% or 58 points to trade at 750 in late trade. Med Paper (CS: PAP ) declined 3.61% or 0.75 points to end at 20.03 and Wafa Assurance (CS: WASS ) shed 3.55% or 129 points to 3506.

Declining stocks outnumbered rising ones by 20 to 9 and 10 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for October delivery was down 3.47% or 1.61 to $44.74 a barrel. Meanwhile, Brent oil for delivery in November fell 3.47% or 1.69 to hit $47.04 a barrel, while the December Gold contract fell 0.38% or 5.05 to trade at $1311.45 a troy ounce.

EUR/MAD was down 0.01% to 10.8880, while USD/MAD fell 0.20% to 9.7546.

The US Dollar Index was down 0.06% at 95.99.

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