MASI falls 0.84% as Managem posts 384% jump in 2025 earnings

The MASI fell 0.84% to 17,443.33 points on March 26, while the MASI 20 dropped 1.49% to 1,327.91 and the MASI ESG lost 0.75% to 1,201.15; only the MASI Mid and Small Cap index rose 0.53% to 1,792.19. Managem led earnings headlines with group net profit above 3 billion dirhams, up 384% in 2025 on the back of new gold and copper mines entering production, according to Boursenews and Le Desk. Akdital reported revenue above 4.4 billion dirhams and launched its international expansion, Finances News Hebdo reported, while the SGTM-TGCC consortium won a 3.7 billion dirham contract for the roofing and facade of the Grand Stade de Benslimane, according to Medias24. On the corporate front, Attijariwafa Bank is exploring an investment in Mistral AI, according to InfoMagazine Maroc, while analyst notes pointed to further 2025 profit growth including HPS at 41%, Ciments du Maroc at 50%, SBM at 59%, Risma at 48% and Zellidja with net profit more than tripling.