MASI slips 0.06% despite 2025 results from Managem, HPS and Addoha
The MASI closed down 0.06% at 17,514.8 points on April 3, while the MASI 20 fell 0.77% to 1,316.68 points and the MASI Mid and Small Cap rose 0.44% to 1,802.08 points. Trading was driven by a wave of 2025 earnings, with HPS reporting 22% revenue growth on its SaaS shift, according to Investing.com France, and Addoha posting a 70% rise in net profit to MAD 516 million, according to Medias24 and LesEco.ma. Managem dominated the flow with what several outlets called exceptional 2025 results and a 2030 roadmap, as the miner projects about MAD 7 billion to lift gold output from 213,000 to 500,000 ounces and plans MAD 14 billion in commitments by 2030, reports برلمان.كوم, echoed by Medias24, LNT.ma, LesEco.ma and Le Matin.ma. In infrastructure, Marsa Maroc commissioned 230 metres of deepened quay at Casablanca port to handle 60,000-tonne vessels, according to Linformation.ma and Le Matin.ma, while TGCC, Akdital and Taqa Morocco also released 2025 results.
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MASI falls 0.83% as Label Vie and SMI post double-digit growth
The MASI fell 0.83% to 18,113.11 points on May 20, while the MASI 20 dropped 1.08% to 1,306.24 and the MASI Mid and Small Cap index lost 0.94% to 1,864.77. On the corporate front, Label Vie posted first-quarter 2026 revenue of 4.18 billion dirhams, up 15.9% at end-March, according to Le Matin.ma, Medias24 and L'Economiste. SMI reported a 36% jump in first-quarter revenue, driven by soaring silver prices, according to Medias24. Some stocks outperformed the weaker market, with AGM up 5.6% on May 20 after Promopharm gained 5.9% on May 19 and Unimer rose 6% to 167.45 dirhams on May 18, according to Casablanca Stock Exchange notes.
Casablanca Stock Exchange — AGM Jumps 5.6% Even as MASI Falls 0.83%
AGM posted one of the day’s standout gains on the Casablanca Stock Exchange, rising 5.6% to MAD 7,250 in a market dominated by declines. The MASI fell 0.83%, dragged by banks and industrial names, while a handful of mid-caps proved more resilient.
Casablanca Stock Exchange — Promopharm Jumps 5.9% Even as MASI Falls 1.0%
Promopharm posted the day’s best gain, rising 5.9% to MAD 1,346 while the MASI fell 1.0%. Mining losses and FX pressure drove the broader selloff, but pharmaceutical names showed unusual resilience.