Stock Market
Wednesday, July 11, 2018 - 17:05
Top Level Title: 
Morocco stocks lower at close of trade; Moroccan All Shares down 1.20% – Morocco stocks were lower after the close on Wednesday, as losses in the Mining, Invest Companies&Other Finance and Construction&Building Materials sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares declined 1.20% to hit a new 52-week low.

The best performers of the session on the Moroccan All Shares were Involys (CS:INV), which rose 9.32% or 11.40 points to trade at 133.70 at the close. Meanwhile, M2M Group (CS:M2M) added 3.00% or 13.80 points to end at 473.80 and BCP (CS:BCP) was up 1.10% or 3.00 points to 276.50 in late trade.

The worst performers of the session were Managem (CS:MNG), which fell 9.94% or 153 points to trade at 1387 at the close. IB Maroc Com SA (CS:IBC) declined 7.00% or 4.89 points to end at 65.01 and Salafin (CS:SLF) was down 5.83% or 63 points to 1017.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 29 to 5 and 8 ended unchanged.

Shares in Managem (CS:MNG) fell to 52-week lows; down 9.94% or 153 to 1387.

Crude oil for August delivery was down 3.10% or 2.30 to $71.81 a barrel. Elsewhere in commodities trading, Brent oil for delivery in September fell 4.11% or 3.24 to hit $75.62 a barrel, while the August Gold Futures contract fell 0.84% or 10.50 to trade at $1244.90 a troy ounce.

EUR/MAD was down 0.15% to 11.0680, while USD/MAD rose 0.26% to 9.4601.

The US Dollar Index Futures was up 0.52% at 94.34.

© Reuters.