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Rabat – The Moroccan All Shares Index started Friday’s session with a modest gain of 0.02 percent to 12,198 points at 10 a.m. After a tough week that saw Moroccan stocks looping six straight sessions in decline, the Casablanca market is finally in equilibrium.
Trade volumes were reduced noticeably at start of trade, standing at MAD 5 million exchanged on the central market. Sonasid, with a 10 percent gain, and Delta Holding, with a 6 percent increase, led the list of exchanged volumes at MAD 1.7 million and at 1.68 million respectively.
For the moment, the real estate giant Addoha registered a 0.41 progress trading at MAD 48.70 per dividend.
The worst performers of this morning session were IB Maroc.com with a 4.04 percent loss trading at MAD 90.10, followed by Colorado, which registered a 3.99 percent decrease at MAD 66.25 per dividend. Stroc Industries came in third place with a 3.94 percent loss at MAD 43.90 at the open of trade.
On Thursday, the Casablanca listing witnessed its sixth session in decline with a 0.21 percent loss as losses in the Oil & Gas, Telecoms, and Chemicals sectors led shares lower.
Crude oil for September delivery was down 0.63 percent to 0.30 points at USD 47.02 per barrel. In commodities trading, Brent oil for delivery in September fell 0.50 percent to 0.25 points to hit USD 49.45 per barrel, while the August Gold Futures contract rose 0.29 percent to 3.62 points, trading at USD 1245.62 per troy ounce.
EUR/MAD was up 0.31 percent to MAD 11.0900, while USD/MAD fell 0.68 percent to MAD 9.5358.
