
Nador West Med secures EUR196.7 mln as MASI rises 0.37%
The MASI rose 0.37% to 17,987.82 points on July 10, while the MASI 20 added 0.65% to 1,325.69 and the MASI Mid and Small Cap index gained 0.25% to 1,817.5. West Med Container Terminal signed a 15-year long-term loan worth 196.7 million euros to finance the East Terminal at Nador West Med, according to برلمان.كوم, with Telquel.ma putting the amount at nearly 200 million euros. In mining, Managem took a 60% stake in Senegal's Senala gold project and is preparing a new drilling campaign, according to Medias24. Analyst notes showed the MASI also posted a weekly gain of 0.37%, with STR jumping 5.7%.
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MASI falls 0.93% despite T2S’s 1.1 bln dirham IPO
The MASI fell 0.93% to 18,055.63 points on July 8, while the MASI 20 lost 1.0% to 1,328.05, the MASI ESG dropped 0.73% to 1,287.0 and the MASI Mid and Small Cap index slipped 0.85% to 1,809.25. The session was dominated by 42 decliners, although Maghrebail’s dividend detachment cushioned the drop, according to July 8 market notes, after the MASI had already fallen 0.96% on July 7 with 47 stocks lower. In primary markets, T2S Group Holding secured AMMC approval for a 1.1 billion dirham IPO, according to Medias24, and is set to list on the Casablanca Stock Exchange at 223 dirhams per share, according to Le Matin. On the corporate side, Marsa Maroc launched a 3 billion dirham investment plan at the Port of Casablanca, according to LesEco.ma, after extending the container terminal concession by 20 years, reports Aujourd’hui le Maroc, while Medias24 said the dirham appreciated against the dollar on July 7.