Morocco shares lower at close of trade; Moroccan All Shares down 1.67%

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Morocco shares lower at close of trade; Moroccan All Shares down 1.67%
Credit: © Reuters.

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

At the close in Casablanca, the Moroccan All Shares fell 1.67% to hit a new 3-month low.

The biggest gainers of the session on the Moroccan All Shares were Maghreb Oxygene (CS: OXYG ), which rose 4.05% or 4.90 points to trade at 125.90 at the close. Promopharm S.A. (CS: PRO ) added 3.11% or 45 points to end at 1490 and Med Paper (CS: PAP ) was up 3.07% or 0.89 points to 29.90 in late trade.

Biggest losers included Cartier Saada (CS: CRS ), which lost 7.04% or 1.65 points to trade at 21.80 in late trade. LafargeHolcim Maroc (CS: LHM ) declined 6.05% or 139 points to end at 2160 and Wafa Assurance (CS: WASS ) shed 5.94% or 278 points to 4403.

Declining stocks outnumbered rising ones by 31 to 9 and 4 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for May delivery was up 1.31% or 0.65 to $50.16 a barrel. Meanwhile, Brent oil for delivery in June rose 0.76% or 0.40 to hit $52.94 a barrel, while the April Gold Futures contract fell 0.60% or 7.55 to trade at $1246.15 a troy ounce.

EUR/MAD was down 0.16% to 10.7440, while USD/MAD rose 0.24% to 10.0200.

The US Dollar Index Futures was up 0.42% at 100.20.

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