Morocco shares lower at close of trade; Moroccan All Shares down 0.75%

Investing.com – Morocco equities were lower at the close on Wednesday, as losses in the Insurance, Forestry&Paper and Food Producers&Processors sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.75% to hit a new 1-month low.

The biggest gainers of the session on the Moroccan All Shares were Total Maroc SA (CSE:TMA), which rose 2.67% or 40.00 points to trade at 1,540.00 at the close. Miniere Touissit (CSE:CMT) added 1.28% or 20.00 points to end at 1,580.00 and Fenie Brossette (CSE:FBR) was up 1.26% or 1.30 points to 104.30 in late trade.

Biggest losers included S2M (CSE:S2M), which lost 6.10% or 13.00 points to trade at 200.00 in late trade. Delta Holding S.A (CSE:DHO) declined 5.26% or 2.89 points to end at 52.10 and Stokvis Nord Afrique (CSE:SNA) shed 4.68% or 0.71 points to 14.45.

Declining stocks outnumbered rising ones by 37 to 12 and 5 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for November delivery was down 0.82% or 0.58 to $70.00 a barrel. Meanwhile, Brent oil for delivery in December fell 0.67% or 0.50 to hit $73.75 a barrel, while the December Gold Futures contract rose 0.32% or 8.50 to trade at $2,687.40 a troy ounce.

EUR/MAD was up 0.08% to 10.74, while USD/MAD rose 0.25% to 9.86.

The US Dollar Index Futures was up 0.18% at 103.24.