
MASI rises 2.05% as Attijariwafa Bank eyes Mistral AI
The MASI rose 2.05% to 17,590.42 points on March 25, while the MASI 20 gained 1.96% to 1,348.05 and the MASI Mid and Small Cap climbed 2.88% to 1,782.67. Attijariwafa Bank wants to invest in French start-up Mistral AI to introduce artificial intelligence into financial institutions, according to برلمان.كوم, while Consonews reported the bank is eyeing the company. Telquel.ma said 9 Moroccan companies ranked in Forbes' Top 100 Middle East list, adding a regional visibility angle to Moroccan equities. Industrie du Maroc reported Cosumar posted record revenue of 10 billion dirhams, but with net profit falling, keeping the focus on earnings quality even as the MASI ESG advanced 1.89% to 1,210.18.
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The MASI fell 0.1% to 18,921.2 points on May 7, while the MASI 20 lost 0.13% to 1,380.73, the MASI ESG dropped 0.36% to 1,333.37 and the MASI Mid and Small Cap edged down 0.03% to 1,972.81. Managem drew MAD 35.7 million and mining stocks held up despite the broader dip, according to May 7 analyst notes, after the MASI had risen 1.66% on May 6 in a broadly firmer market. Akdital expanded its partnership with Accreditation Canada to 12 facilities, according to Medias24. Label’Vie is set to be absorbed by Retail Holding under a strategic merger plan, Finances News Hebdo reported.