Morocco stocks higher at close of trade; Moroccan All Shares up 0.32%

Morocco stocks higher at close of trade; Moroccan All Shares up 0.32%

May 25, 2018

Investing.com – Morocco stocks were higher after the close on Friday, as gains in the Distributors, Pharmaceutical Industry and Construction&Building Materials sectors led shares higher.

At the close in Casablanca, the Moroccan All Shares rose 0.32%.

The best performers of the session on the Moroccan All Shares were AFMA SA (CS:AFM), which rose 9.89% or 94 points to trade at 1044 at the close. Meanwhile, Label Vie (CS:LBV) added 9.81% or 210 points to end at 2350 and Involys (CS:INV) was up 7.59% or 9.15 points to 129.65 in late trade.

The worst performers of the session were Ennakl Automobiles SA (CS:NKL), which fell 5.11% or 2.30 points to trade at 42.70 at the close. Med Paper (CS:PAP) declined 3.38% or 0.84 points to end at 24.01 and Alliances (CS:ADI) was down 2.96% or 4 points to 131.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 36 to 14 and 8 ended unchanged.

Shares in Ennakl Automobiles SA (CS:NKL) fell to 52-week lows; falling 5.11% or 2.30 to 42.70. Shares in Label Vie (CS:LBV) rose to all time highs; rising 9.81% or 210 to 2350. Shares in Med Paper (CS:PAP) fell to 52-week lows; losing 3.38% or 0.84 to 24.01. Shares in Alliances (CS:ADI) fell to 52-week lows; losing 2.96% or 4 to 131.

Crude oil for July delivery was down 4.30% or 3.04 to $67.67 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 3.36% or 2.65 to hit $76.14 a barrel, while the June Gold Futures contract fell 0.05% or 0.70 to trade at $1303.70 a troy ounce.

EUR/MAD was down 0.20% to 11.0820, while USD/MAD rose 0.30% to 9.4990.

The US Dollar Index Futures was up 0.36% at 94.06.

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