MASI rises 0.25% as Minière Touissit jumps 10% in Casablanca

The MASI rose 0.25% to 18,922.23 points on June 1, while the MASI 20 fell 0.48% to 1,335.46 points, according to market data. A 10% jump in Minière Touissit helped the index hold up despite weakness in heavyweight stocks, according to a Casablanca Stock Exchange analyst note. On the corporate front, Cosumar reported first-quarter revenue of MAD 2.2 billion, according to Le Matin.ma, while Managem consolidated its control over the Tendrara gas project, according to LesEco.ma. In capital markets, Label'Vie is preparing a new bond issue to speed up its expansion, Financial Afrik reported, and LafargeHolcim Maroc adopted the corporate name "Holcim Maroc," according to Aujourd'hui le Maroc.