Morocco stocks lower at close of trade; Moroccan All Shares down 0.13%

13/06/2018 17:05:00 Stock Market

Morocco stocks were lower after the close on Wednesday, as losses in the Hotels, Restaurants&Leisure, Insurance and Transport sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 0.13%.

The best performers of the session on the Moroccan All Shares were Realis. Mecaniques (CS:SRM), which rose 5.96% or 16.40 points to trade at 291.40 at the close. Meanwhile, Salafin (CS:SLF) added 5.87% or 61 points to end at 1100 and IB Maroc Com SA (CS:IBC) was up 4.23% or 3.00 points to 74.00 in late trade.

The worst performers of the session were Micro Data SA (CS:MIC), which fell 4.98% or 14.95 points to trade at 285.00 at the close. Timar (CS:TIM) declined 4.18% or 10.00 points to end at 229.00 and Wafa Assurance (CS:WASS) was down 3.89% or 190 points to 4700.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 19 to 14 and 3 ended unchanged.

Shares in Salafin (CS:SLF) rose to all time highs; gaining 5.87% or 61 to 1100.

Crude oil for July delivery was up 0.56% or 0.37 to $66.73 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August rose 0.98% or 0.74 to hit $76.62 a barrel, while the August Gold Futures contract rose 0.21% or 2.70 to trade at $1302.10 a troy ounce.

EUR/MAD was up 0.14% to 11.1320, while USD/MAD fell 0.24% to 9.4405.

The US Dollar Index Futures was down 0.31% at 93.54.

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