Morocco stocks lower at close of trade; Moroccan All Shares down 0.74%

Morocco stocks lower at close of trade; Moroccan All Shares down 0.74%

Jul 17, 2018

Morocco stocks were lower after the close on Tuesday, as losses in the Holding Companies, Food Producers&Processors and Construction&Building Materials sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares fell 0.74% to hit a new 52-week low.

The best performers of the session on the Moroccan All Shares were S2M (CS:S2M), which rose 6.42% or 17.00 points to trade at 282.00 at the close. Meanwhile, Taslif (CS:TSF1) added 5.26% or 1.40 points to end at 28.00 and Med Paper (CS:PAP) was up 4.55% or 1.00 points to 23.00 in late trade.

The worst performers of the session were SMI (CS:SMI), which fell 5.99% or 154 points to trade at 2418 at the close. Disway SA (CS:DWY) declined 3.95% or 17.00 points to end at 413.00 and Delta Holding S.A (CS:DHO) was down 3.47% or 1.18 points to 32.80.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 21 to 14 and 4 ended unchanged.

Shares in SMI (CS:SMI) fell to 52-week lows; down 5.99% or 154 to 2418.

Crude oil for September delivery was up 0.22% or 0.15 to $67.22 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September rose 0.57% or 0.41 to hit $72.25 a barrel, while the August Gold Futures contract fell 1.06% or 13.20 to trade at $1226.50 a troy ounce.

EUR/MAD was down 0.23% to 11.0460, while USD/MAD rose 0.27% to 9.4786.

The US Dollar Index Futures was up 0.53% at 94.77.

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