Morocco stocks lower at close of trade; Moroccan All Shares down 0.67%

Morocco stocks lower at close of trade; Moroccan All Shares down 0.67%

May 08, 2018

Investing.com – Morocco stocks were lower after the close on Tuesday, as losses in the Hotels, Restaurants&Leisure, Oil&Gas and Food Producers&Processors sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.67%.

The best performers of the session on the Moroccan All Shares were Oulmes (CS:OULM), which rose 5.94% or 104 points to trade at 1854 at the close. Meanwhile, CTM (CS:CTM) added 2.20% or 19.90 points to end at 925.00 and Jet Contractors (CS:JET) was up 1.57% or 5.95 points to 384.95 in late trade.

The worst performers of the session were Maghrebail (CS:MAB), which fell 5.99% or 59 points to trade at 925 at the close. SMI (CS:SMI) declined 5.97% or 209 points to end at 3290 and Alliances (CS:ADI) was down 3.32% or 5 points to 144.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 27 to 11 and 8 ended unchanged.

Shares in Alliances (CS:ADI) fell to 52-week lows; losing 3.32% or 5 to 144.

Crude oil for June delivery was down 2.88% or 2.04 to $68.69 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July fell 2.40% or 1.83 to hit $74.34 a barrel, while the June Gold Futures contract fell 0.14% or 1.90 to trade at $1312.20 a troy ounce.

EUR/MAD was down 0.14% to 11.1580, while USD/MAD rose 0.25% to 9.3942.

The US Dollar Index Futures was up 0.30% at 92.89.

Join Libertex!

Practice for free on a demo account with 50,000 euro

Register
or start live trading now