MASI drops 2.26% after a 4.46% metals-led rebound

The MASI fell 2.26% to 18,357.76 points on June 18, while the MASI ESG dropped 2.81% to 1,305.59 and the MASI 20 lost 1.84% to 1,338.48. The decline marks a reversal after a 4.46% jump on June 15 driven by metals and a further 0.15% gain on June 16, according to analyst notes and d'après Médias24. In stocks, Unimer jumped 6% on June 18 despite the market’s 2.26% slide, while Addoha had risen 4.9% on turnover of 47.3 million dirhams on June 16, according to analysts. On the corporate side, Médias24 reports Laprophan finalized its 1st acquisition in Europe by taking control of Switzerland’s Rivopharm, while Consonews says Attijariwafa bank launched the Simple neobank and L’Economiste says Mutandis will trade ex-dividend on July 1.