Morocco shares lower at close of trade; Moroccan All Shares down 0.98%

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Morocco shares lower at close of trade; Moroccan All Shares down 0.98%
Credit: © Reuters.

Investing.com – Morocco equities were lower at the close on Thursday, as losses in the Construction & Building Materials , Beverage and Holding Companies sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.98%.

The biggest gainers of the session on the Moroccan All Shares were Salafin (CS: SLF ), which rose 5.89% or 48 points to trade at 856 at the close. Taqa Morocco SA (CS: TQM ) added 2.95% or 23.90 points to end at 835.00 and IB Maroc Com SA (CS: IBC ) was up 2.77% or 2.49 points to 92.49 in late trade.

Biggest losers included LafargeHolcim Maroc (CS: LHM ), which lost 9.77% or 195 points to trade at 1800 in late trade. Brasseries Du Maroc (CS: SBM ) declined 3.83% or 90 points to end at 2260 and Realis. Mecaniques (CS: SRM ) shed 3.50% or 11.55 points to 318.40.

Declining stocks outnumbered rising ones by 24 to 11 and 7 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for July delivery was down 0.49% or 0.22 to $44.51 a barrel. Meanwhile, Brent oil for delivery in August fell 0.17% or 0.08 to hit $46.92 a barrel, while the August Gold Futures contract fell 1.59% or 20.30 to trade at $1255.60 a troy ounce.

EUR/MAD was down 0.18% to 10.9170, while USD/MAD rose 0.43% to 9.7922.

The US Dollar Index Futures was up 0.58% at 97.47.

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