Morocco stocks lower at close of trade; Moroccan All Shares down 0.57%

16/05/2018 17:05:00 Stock Market

Morocco stocks were lower after the close on Wednesday, as losses in the Beverage, Chemicals and Real Estate sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares fell 0.57%.

The best performers of the session on the Moroccan All Shares were Centrale Danone (CS:CDA), which rose 6.00% or 40 points to trade at 707 at the close. Meanwhile, Ennakl Automobiles SA (CS:NKL) added 3.60% or 1.59 points to end at 45.79 and Sothema (CS:SOT) was up 2.94% or 50 points to 1750 in late trade.

The worst performers of the session were Promopharm S.A. (CS:PRO), which fell 5.05% or 79 points to trade at 1485 at the close. Brasseries Du Maroc (CS:SBM) declined 5.00% or 150 points to end at 2850 and Realis. Mecaniques (CS:SRM) was down 4.38% or 12.40 points to 270.50.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 29 to 9 and 3 ended unchanged.

Shares in Sothema (CS:SOT) rose to all time highs; rising 2.94% or 50 to 1750.

Crude oil for June delivery was down 0.31% or 0.22 to $71.09 a barrel. Elsewhere in commodities trading, Brent oil for delivery in July rose 0.26% or 0.20 to hit $78.63 a barrel, while the June Gold Futures contract rose 0.08% or 1.00 to trade at $1291.30 a troy ounce.

EUR/MAD was down 0.09% to 11.1310, while USD/MAD rose 0.30% to 9.4403.

The US Dollar Index Futures was up 0.06% at 93.20.