Investing.com – Morocco equities were lower at the close on Wednesday, as losses in the Forestry & Paper, Chemicals and Oil & Gas sectors propelled shares lower.
At the close in Casablanca, the Moroccan All Shares declined 0.11%.
The biggest gainers of the session on the Moroccan All Shares were Wafa Assurance (CS:WASS), which rose 4.06% or 125 points to trade at 3200 at the close. Maghreb Oxygene (CS:OXYG) added 3.55% or 2.95 points to end at 86.00 and Rebab Company (CS:REBA) was up 3.37% or 4.90 points to 149.90 in late trade.
Biggest losers included Colorado (CS:COL), which lost 10.00% or 6.77 points to trade at 60.93 in late trade. Snep (CS:SNP) declined 6.00% or 5.19 points to end at 81.31 and Med Paper (CS:PAP) shed 4.61% or 0.60 points to 12.40.
Declining stocks outnumbered rising ones by 25 to 17 and 3 ended unchanged on the Casablanca Stock Exchange.
In commodities trading, Crude oil for March delivery was down 5.48% or 1.62 to $27.95 a barrel. Meanwhile, Brent oil for delivery in March fell 4.47% or 1.28 to hit $27.48 a barrel, while the February Gold contract rose 1.37% or 14.90 to trade at $1104.00 a troy ounce.
EUR/MAD was up 0.06% to 10.7840, while USD/MAD rose 0.07% to 9.8915.
The US Dollar Index was down 0.11% at 99.06.