Bourse de Casablanca: MASI drops 4.21% in tense international geopolitical climate

MASI slips 0.29% as Ciments du Maroc jumps 10.3%

The MASI fell 0.29% to 17,667.1 points on July 23, while the MASI 20 lost 0.43% to 1,305.77 points and the MASI ESG dropped 0.36% to 1,260.91 points. Smaller stocks held up better, with the MASI Mid and Small Cap edging up 0.04% to 1,749.04 points, while Ciments du Maroc surged 10.3% despite the broader decline, according to analyst notes. On the corporate front, Taqa Morocco has launched a strategic reorganization and will shift to a holding structure, according to Medias24, while COSUMAR secured MSI 20000 international financial certification, according to Boursenews.ma. In capital markets, the T2S IPO resulted in 17 shares allocated per subscriber in initial notices, Boursenews.ma reported, and Akdital became Morocco's first private healthcare group with integrated ISO certification, according to Finances News Hebdo.

Casablanca Stock Exchange — Ciments du Maroc Jumps 10.3% Even as MASI Slips 0.29%

Ciments du Maroc posted the day’s biggest gain, rising 10.3% to MAD 4,799 while the MASI fell 0.29%. The move points to renewed appetite for Morocco construction stocks as domestic demand expectations improve.

MASI rises 0.23% as TAQA Morocco reshapes and HPS signs Asia deals

The MASI rose 0.23% to 17,717.78 points on July 22, while the MASI ESG gained 0.57% to 1,265.44 points, outperforming the benchmark, according to an analyst note. TAQA Morocco launched a strategic reorganization and will shift to a holding structure, according to Medias24, in a session where the MASI 20 added 0.11% to 1,311.46 points and the MASI Mid and Small Cap index edged up 0.06% to 1,748.29 points. HPS signed 2 mega-deals in Asia worth several tens of millions of dollars, MSN reported, and opened 6 new IT opportunities in Casablanca, according to Dreamjob.ma. On the corporate front, Managem bought Sound Energy's remaining Tendrara stake for $57 million, MSN reported, while Cosumar secured MSI 20000 certification, according to Le Desk, and Akdital became Morocco's 1st private healthcare group with integrated ISO certification, according to Finances News Hebdo.