Investing.com – Morocco equities were lower at the close on Wednesday, as losses in the Holding Companies, Food Producers & Processors and Banking sectors propelled shares lower.
At the close in Casablanca, the Moroccan All Shares declined 0.17%.
The biggest gainers of the session on the Moroccan All Shares were Snep (CS:SNP), which rose 7.29% or 6.50 points to trade at 95.70 at the close. CDM (CS:CDM) added 5.64% or 26 points to end at 486 and M2M Group (CS:M2M) was up 3.78% or 10.90 points to 298.90 in late trade.
Biggest losers included IB Maroc Com SA (CS:IBC), which lost 4.31% or 4.41 points to trade at 97.84 in late trade. Ennakl Automobiles SA (CS:NKL) declined 2.86% or 1.46 points to end at 49.54 and Sonasid (CS:SOND) shed 2.59% or 8 points to 291.
Declining stocks outnumbered rising ones by 23 to 10 and 10 ended unchanged on the Casablanca Stock Exchange.
In commodities trading, Crude oil for November delivery was up 2.80% or 1.41 to $51.70 a barrel. Meanwhile, Brent oil for delivery in December rose 2.28% or 1.18 to hit $52.86 a barrel, while the December Gold contract rose 0.57% or 7.25 to trade at $1270.15 a troy ounce.
EUR/MAD was up 0.08% to 10.8260, while USD/MAD rose 0.06% to 9.8599.
The US Dollar Index was up 0.04% at 97.92.