Morocco stocks lower at close of trade; Moroccan All Shares down 0.01%

Morocco stocks were lower after the close on Monday, as losses in the Utilities, Banking and Mining sectors led shares lower.

At the close in Casablanca, the Moroccan All Shares lost 0.01%.

The best performers of the session on the Moroccan All Shares were IB Maroc Com SA (CSE:IBC), which rose 6.24% or 3.18 points to trade at 54.18 at the close. Meanwhile, Wafa Assurance (CSE:WAA) added 4.79% or 237.00 points to end at 5,189.00 and Delta Holding S.A (CSE:DHO) was up 1.98% or 0.95 points to 48.95 in late trade.

The worst performers of the session were Cartier Saada (CSE:CRS), which fell 4.02% or 0.80 points to trade at 19.10 at the close. Med Paper (CSE:MDP) declined 3.08% or 0.70 points to end at 22.05 and Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR) was down 3.05% or 4.80 points to 152.50.

Falling stocks outnumbered advancing ones on the Casablanca Stock Exchange by 28 to 28 and 3 ended unchanged.

Shares in Ste de Travaux de Realisation d’Ouvrages et de Constuction Industielle SA (CSE:STR) fell to 52-week lows; falling 3.05% or 4.80 to 152.50.

Crude oil for December delivery was down 1.35% or 1.34 to $97.68 a barrel. Elsewhere in commodities trading, Brent oil for delivery in December fell 1.49% or 1.64 to hit $108.22 a barrel, while the December Gold Futures contract fell 0.35% or 14.55 to trade at $4,166.55 a troy ounce.

EUR/MAD was up 0.30% to 10.97, while USD/MAD rose 0.42% to 9.79.

The US Dollar Index Futures was up 0.08% at 101.74.