Morocco stocks lower at close of trade; Moroccan All Shares down 0.28%

Morocco stocks lower at close of trade; Moroccan All Shares down 0.28%

Aug 27, 2018

Morocco stocks were lower after the close on Monday, as losses in the Distributors, Software&Computer Services and Insurance sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares fell 0.28%.

The best performers of the session on the Moroccan All Shares were Stroc Industrie (CS:STR), which rose 6.89% or 1.84 points to trade at 28.54 at the close. Meanwhile, Cartier Saada (CS:CRS) added 4.17% or 0.98 points to end at 24.50 and Wafa Assurance (CS:WASS) was up 2.50% or 95 points to 3900 in late trade.

The worst performers of the session were Saham Assurance (CS:SAH), which fell 9.40% or 141 points to trade at 1359 at the close. S2M (CS:S2M) declined 5.26% or 15.00 points to end at 270.00 and Lesieur Cristal (CS:LESU) was down 4.28% or 6.55 points to 146.45.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 14 to 8 and 6 ended unchanged.

Shares in Saham Assurance (CS:SAH) fell to 52-week lows; losing 9.40% or 141 to 1359.

Crude oil for October delivery was up 0.13% or 0.09 to $68.81 a barrel. Elsewhere in commodities trading, Brent oil for delivery in November rose 0.30% or 0.23 to hit $76.36 a barrel, while the December Gold Futures contract rose 0.25% or 3.00 to trade at $1216.30 a troy ounce.

EUR/MAD was up 0.18% to 10.9930, while USD/MAD fell 0.39% to 9.4045.

The US Dollar Index Futures was down 0.48% at 94.62.

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