Morocco stocks lower at close of trade; Moroccan All Shares down 0.49%

Morocco stocks lower at close of trade; Moroccan All Shares down 0.49%

May 18, 2018

Investing.com – Morocco stocks were lower after the close on Friday, as losses in the Construction&Building Materials, Insurance and Oil&Gas sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.49% to hit a new 3-months low.

The best performers of the session on the Moroccan All Shares were Centrale Danone (CS:CDA), which rose 6.00% or 42 points to trade at 749 at the close. Meanwhile, Colorado (CS:COL) added 5.95% or 5.00 points to end at 89.00 and Sothema (CS:SOT) was up 4.00% or 70 points to 1820 in late trade.

The worst performers of the session were AFMA SA (CS:AFM), which fell 9.99% or 111 points to trade at 1000 at the close. S2M (CS:S2M) declined 8.47% or 23.60 points to end at 255.00 and SMI (CS:SMI) was down 5.90% or 194 points to 3096.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 26 to 21 and 8 ended unchanged.

Shares in Sothema (CS:SOT) rose to all time highs; up 4.00% or 70 to 1820.

Crude oil for June delivery was down 0.31% or 0.22 to $71.27 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 0.29% or 0.23 to hit $79.07 a barrel, while the June Gold Futures contract rose 0.19% or 2.50 to trade at $1291.90 a troy ounce.

EUR/MAD was down 0.01% to 11.1270, while USD/MAD rose 0.14% to 9.4484.

The US Dollar Index Futures was up 0.11% at 93.49.

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