TGCC, Marsa Maroc and Attijariwafa drive trade as MASI slips 0.13%
The MASI closed down 0.13% at 16,975.82 points on October 19, while the MASI 20 fell 0.46% to 1,226.3 and the MASI Mid and Small Cap rose 0.14% to 1,618.88. Attijariwafa Bank accounted for MAD 21.35 million in turnover in a weaker session, according to an October 19 analyst note, while Boursenews reported on October 16 that TGCC raised MAD 1.5 billion through a private placement. TGCC finalized the acquisition of 51% of Safettras for MAD 58.6 million, according to Medias24 and La Vie éco, while CMA Terminals took a 49% stake in Nador Container Terminal alongside Marsa Maroc, according to Infomédiaire and H24info. On the corporate front, Le360, Medi1news, InfoMaroc and La Vie éco report that IFC and Attijariwafa bank are financing Pickalbatros' expansion in Morocco with $250 million, including 2 hotels in Casablanca, while Cosumar plans MAD 390 million in investment for the 2026-2027 campaign across 63,000 hectares, with more than MAD 3 billion in expected spillovers, according to Medias24 and La Vie éco.
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Bourse de Casablanca : le MASI repasse au-dessus des 17.000 points - Medias24
Bourse de Casablanca : le MASI repasse au-dessus des 17.000 points Medias24