Cosumar Launches Share Buyback Program to Enhance Market Liquidity

LBV : Payment of dividend

MASI drops 2.86% as Managem slides 10% and drags Casablanca lower

The MASI fell 2.86% to 17,623.73 points on June 11, while the MASI ESG dropped 3.92% to 1,262.01 and the MASI Mid and Small Cap index lost 3.58% to 1,757.89. Managem slumped 10% on turnover of MAD267.9 million, marking the market's worst session in weeks, according to analyst notes. In the background, Cosumar launched a share buyback program to improve stock liquidity, rapporte Aujourd'hui le Maroc, while Lesieur Cristal appointed 2 new executives to speed up its transformation, according to Medias24 and Finances News Hebdo. In financials, Attijariwafa Bank is preparing an AML/CFT protocol with Euronext to secure its European and African subsidiaries, and an agreement remains under discussion, selon برلمان.كوم and Africa Intelligence.

Casablanca Stock Exchange — Managem Sinks 10% on MAD 267.9m Turnover as MASI Posts Sharp 2.86% Slide

Managem drew MAD 267.9 million in turnover while falling 10% on Thursday, as selling swept across Casablanca. The MASI lost 2.86%, hit by miners, banks and a tougher backdrop from currencies and commodity moves.