MASI gains 2.23% after volatile week
The MASI closed at 16,902.46 points, up 2.23% on March 10, according to market data. This extends a recovery that began after two sessions of decline linked to Middle East tensions, as reported by Medias24. CMGP Group finalized the acquisition of 70% of Sodipire to accelerate its expansion in agricultural machinery, according to LesEco.ma and Medias24. Meanwhile, Nareva and Taqa Morocco are preparing several joint projects in the energy and water sectors, reports Boursenews.
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MASI slips 0.38% despite MAD100 mln injected into Bank Assafa
The MASI fell 0.38% to 18,322.01 points on June 23 after a 0.21% gain a day earlier, while the MASI 20 edged up 0.07% to 1,338.38 points. Broader segments weakened more sharply, with the MASI Mid and Small Cap down 0.67% at 1,848.56 points and the MASI ESG off 0.82% at 1,309.52 points, while MDP jumped 3.6% despite the benchmark decline, according to analyst reports. On the corporate side, Attijariwafa Bank injected 100 million dirhams into its participatory banking unit Bank Assafa, Le Desk reported, after Médias24 said on June 22 that a MAD100 million capital increase was being prepared. In sector news, the Managem-Sound Energy deal entered its regulatory phase, according to Le Nouvelliste Maroc, while Addoha Groupe is recruiting sales advisers in 3 cities, Dreamjob.ma reported.
Casablanca Stock Exchange — MDP Jumps 3.6% Even as the MASI Slips 0.38%
MDP posted the day’s strongest gain, rising 3.6% to MAD 25.5 while the MASI fell 0.38%. The move stood out in a market pressured by a weaker dirham against both the euro and the dollar, with heavyweight banks cushioning the broader decline.
Bourse de Casablanca : le MASI termine la séance en hausse de 0,21% - Médias24
Bourse de Casablanca : le MASI termine la séance en hausse de 0,21% Médias24