Morocco shares lower at close of trade; Moroccan All Shares down 0.73%

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Morocco shares lower at close of trade; Moroccan All Shares down 0.73%
Credit: © Reuters. – Morocco equities were lower at the close on Monday, as losses in the Forestry & Paper , Telecoms and Banking sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.73%.

The biggest gainers of the session on the Moroccan All Shares were Delattre Levivier Maroc (CS: DLM ), which rose 8.27% or 15.20 points to trade at 198.95 at the close. Zellidja S.A (CS: ZELI ) added 5.99% or 7.75 points to end at 137.05 and Aluminum mar 1l (CS: ALU ) was up 5.91% or 68 points to 1218 in late trade.

Biggest losers included Stroc Industrie (CS: STR ), which lost 5.48% or 3.09 points to trade at 53.30 in late trade. Med Paper (CS: PAP ) declined 5.33% or 1.97 points to end at 35.00 and Dari Couspate SA (CS: DRI ) shed 4.17% or 100 points to 2300.

Advancing stocks outnumbered falling ones by 23 to 19 and 6 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for March delivery was down 1.01% or 0.54 to $52.68 a barrel. Meanwhile, Brent oil for delivery in March fell 0.63% or 0.35 to hit $55.14 a barrel, while the February Gold contract rose 1.02% or 12.25 to trade at $1217.15 a troy ounce.

EUR/MAD was up 0.42% to 10.7520, while USD/MAD fell 0.01% to 10.0095.

The US Dollar Index was down 0.51% at 100.26.

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