Morocco stocks lower at close of trade; Moroccan All Shares down 0.09%

Morocco stocks lower at close of trade; Moroccan All Shares down 0.09%

Nov 16, 2018

Morocco stocks were lower after the close on Friday, as losses in the Forestry&Paper, Mining and Holding Companies sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.09%.

The best performers of the session on the Moroccan All Shares were Micro Data SA (CS:MIC), which rose 5.96% or 14.90 points to trade at 265.00 at the close. Meanwhile, Oulmes (CS:OULM) added 5.88% or 80 points to end at 1440 and Promopharm S.A. (CS:PRO) was up 5.85% or 57 points to 1032 in late trade.

The worst performers of the session were Med Paper (CS:PAP), which fell 7.48% or 1.74 points to trade at 21.52 at the close. BMCI (CS:BMCI) declined 6.82% or 49 points to end at 670 and Managem (CS:MNG) was down 6.67% or 75 points to 1050.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 18 to 15 and 9 ended unchanged.

Shares in BMCI (CS:BMCI) fell to 52-week lows; down 6.82% or 49 to 670. Shares in Managem (CS:MNG) fell to 52-week lows; losing 6.67% or 75 to 1050.

Crude oil for December delivery was up 0.53% or 0.30 to $56.76 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 0.53% or 0.35 to hit $66.97 a barrel, while the December Gold Futures contract rose 1.85% or 22.20 to trade at $1221.40 a troy ounce.

EUR/MAD was up 0.31% to 10.8200, while USD/MAD fell 0.42% to 9.4841.

The US Dollar Index Futures was down 0.46% at 96.35.

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