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Morocco bourse slips at close hurt by oil stocks

Morocco bourse slips at close hurt by oil stocks
Translated by Sayed Abdel Rahman

Casablanca – Mubasher: Casablanca Stock Exchange (CSE) benchmark MASI ended Wednesday’s session in the negative territory, deepening its early losses. The index fell 0.85%, to 10182.06 points and MADEX dropped by 0.86% to 8355.75 points.
Turnover amounted to approx. MAD 223.3 million, generated from exchanging 1.6 million shares in 785 transactions.

Thirteen sectors moved lower, led by paper and forestry that went down by 6%. Meanwhile, five sectors moved higher topped by engineering that rose 2.13%, while insurance tailed the list with a gain of 0.22%.

As for stock performance, Societe de Travaux de Realisation d'Ouvrages et de Construction was the biggest gainer with 4.87% rise. On the flipside, Alliances was the worst performer with a decline by 11.07%.