Morocco stocks lower at close of trade; Moroccan All Shares down 0.35%

Morocco stocks lower at close of trade; Moroccan All Shares down 0.35%

Nov 22, 2018

Morocco stocks were lower after the close on Thursday, as losses in the Real Estate, Food Producers&Processors and Oil&Gas sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.35%.

The best performers of the session on the Moroccan All Shares were Brasseries Du Maroc (CS:SBM), which rose 9.80% or 250 points to trade at 2800 at the close. Meanwhile, Cartier Saada (CS:CRS) added 3.48% or 0.80 points to end at 23.80 and CIH (CS:CIH) was up 1.75% or 5.00 points to 290.00 in late trade.

The worst performers of the session were Douja Prom Addoha (CS:ADH), which fell 9.94% or 1.61 points to trade at 14.59 at the close. Total Maroc SA (CS:TMA) declined 3.80% or 38.0 points to end at 962.0 and Cosumar (CS:CSMR) was down 2.94% or 5 points to 164.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 11 to 8 and 12 ended unchanged.

Shares in Total Maroc SA (CS:TMA) fell to 52-week lows; losing 3.80% or 38.0 to 962.0.

Crude oil for January delivery was down 1.32% or 0.72 to $53.91 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January fell 1.12% or 0.71 to hit $62.77 a barrel, while the December Gold Futures contract rose 0.03% or 0.40 to trade at $1228.40 a troy ounce.

EUR/MAD was up 0.08% to 10.8150, while USD/MAD fell 0.11% to 9.4825.

The US Dollar Index Futures was down 0.21% at 96.380.

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