Morocco shares lower at close of trade; Moroccan All Shares down 0.50% By Investing.com

Morocco shares lower at close of trade; Moroccan All Shares down 0.50%

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Investing.com – Morocco equities were lower at the close on Monday, as losses in the Real Estate, Pharmaceutical Industry and Oil & Gas sectors propelled shares lower.

At the close in Casablanca, the Moroccan All Shares fell 0.50% to hit a new 1-month low.

The biggest gainers of the session on the Moroccan All Shares were IB Maroc Com SA (CS:IBC), which rose 5.98% or 3.90 points to trade at 69.06 at the close. Stokvis Nord Afrique (CS:SNA) added 4.30% or 0.99 points to end at 23.99 and Colorado (CS:COL) was up 2.68% or 1.40 points to 53.45 in late trade.

Biggest losers included Promopharm S.A. (CS:PRO), which lost 8.22% or 112 points to trade at 1250 in late trade. Residences Dar Saada SA (CS:RDS) declined 5.20% or 9.50 points to end at 173.00 and Med Paper (CS:PAP) shed 4.38% or 0.85 points to 18.55.

Declining stocks outnumbered rising ones by 19 to 14 and 6 ended unchanged on the Casablanca Stock Exchange.

In commodities trading, Crude oil for August delivery was up 2.41% or 1.17 to $49.73 a barrel. Meanwhile, Brent oil for delivery in August rose 2.52% or 1.24 to hit $50.41 a barrel, while the August Gold contract fell 0.37% or 4.85 to trade at $1289.95 a troy ounce.

EUR/MAD was up 0.19% to 10.9450, while USD/MAD fell 0.37% to 9.6725.

The US Dollar Index was down 0.62% at 93.72.

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