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Morocco shares lower at close of trade; Moroccan All Shares down 0.14%

Published 12/12/2024, 15:10
© Reuters.  Morocco shares lower at close of trade; Moroccan All Shares down 0.14%

© Reuters. Morocco shares lower at close of trade; Moroccan All Shares down 0.14%

GC
-0.54%
LCO
0.76%
MASI
2.84%

Investing.com – Morocco equities were lower at the close on Thursday, as losses in the Utilities, Mining and Insurance sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares fell 0.14%.

The biggest gainers of the session on the Moroccan All Shares were Taqa Morocco SA (CSE:TQM), which rose 3.46% or 46.00 points to trade at 1,376.00 at the close. Marocaine pour le Commerce et l’Industrie Banque SA (CSE:BCI) added 1.84% or 11.00 points to end at 580.00 and Risma (CSE:RIS) was up 1.75% or 3.95 points to 230.00 in late trade.

Biggest losers included M2M Group (CSE:M2M), which lost 4.91% or 28.50 points to trade at 551.50 in late trade. Residences Dar Saada SA (CSE:RDS) declined 3.05% or 2.45 points to end at 78.00 and Wafa Assurance (CSE:WAA) shed 2.96% or 131.00 points to 4,299.00.

Advancing stocks outnumbered falling ones by 23 to 21 and 6 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for January delivery was down 1.44% or 1.01 to $69.28 a barrel. Meanwhile, Brent oil for delivery in February fell 1.20% or 0.88 to hit $72.64 a barrel, while the February Gold Futures contract fell 1.78% or 48.96 to trade at $2,707.74 a troy ounce.

EUR/MAD was up 0.06% to 10.48, while USD/MAD fell 0.07% to 9.98.

The US Dollar Index Futures was down 0.05% at 106.34.

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