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Morocco shares lower at close of trade; Moroccan All Shares down 0.05%

Published 01/08/2024, 16:10
Updated 01/08/2024, 16:15
© Reuters.  Morocco shares lower at close of trade; Moroccan All Shares down 0.05%
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Investing.com – Morocco equities were lower at the close on Thursday, as losses in the Real Estate, Utilities and Mining sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.05%.

The biggest gainers of the session on the Moroccan All Shares were Realis. Mecaniques (CSE:SRM), which rose 9.99% or 23.30 points to trade at 256.55 at the close. IB Maroc Com SA (CSE:IBC) added 6.69% or 1.89 points to end at 30.15 and Balima (CSE:BAL) was up 6.00% or 11.95 points to 211.25 in late trade.

Biggest losers included S2M (CSE:S2M), which lost 7.48% or 14.95 points to trade at 185.00 in late trade. Maghreb Oxygene (CSE:MOX) declined 5.91% or 13.40 points to end at 213.50 and Residences Dar Saada SA (CSE:RDS) shed 2.23% or 1.95 points to 85.50.

Declining stocks outnumbered rising ones by 28 to 25 and 9 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for September delivery was down 0.80% or 0.62 to $77.29 a barrel. Meanwhile, Brent oil for delivery in October fell 0.58% or 0.47 to hit $80.37 a barrel, while the December Gold Futures contract rose 0.76% or 18.80 to trade at $2,491.80 a troy ounce.

EUR/MAD was down 0.18% to 10.73, while USD/MAD unchanged 0.00% to 9.94.

The US Dollar Index Futures was up 0.27% at 104.14.

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