Morocco stocks lower at close of trade; Moroccan All Shares down 0.78%

Morocco stocks lower at close of trade; Moroccan All Shares down 0.78%

Nov 12, 2018

Morocco stocks were lower after the close on Monday, as losses in the Construction&Building Materials, Banking and Telecoms sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares fell 0.78%.

The best performers of the session on the Moroccan All Shares were Stroc Industrie (CS:STR), which rose 9.96% or 2.44 points to trade at 26.95 at the close. Meanwhile, CTM (CS:CTM) added 9.87% or 83.90 points to end at 933.90 and Miniere Touissit (CS:CMT) was up 7.47% or 107 points to 1540 in late trade.

The worst performers of the session were LafargeHolcim Maroc (CS:LHM), which fell 4.32% or 70 points to trade at 1550 at the close. AFMA SA (CS:AFM) declined 4.25% or 46 points to end at 1037 and Taqa Morocco SA (CS:TQM) was down 3.84% or 34.00 points to 851.00.

Rising stocks outnumbered declining ones on the Casablanca Stock Exchange by 13 to 11 and 9 ended unchanged.

Crude oil for December delivery was up 1.08% or 0.65 to $60.84 a barrel. Elsewhere in commodities trading, Brent oil for delivery in January rose 1.20% or 0.84 to hit $71.02 a barrel, while the December Gold Futures contract fell 0.20% or 2.40 to trade at $1204.00 a troy ounce.

EUR/MAD was down 0.31% to 10.7730, while USD/MAD rose 0.42% to 9.5742.

The US Dollar Index Futures was up 0.55% at 97.27.

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