MASI rises 0.21% as logistics, healthcare and deal news support Casablanca

The MASI rose 0.21% to 18,391.12 on June 22, while the MASI 20 added 0.02% to 1,337.43, the MASI ESG gained 0.43% to 1,320.34 and the MASI Mid and Small Cap index climbed 0.5% to 1,861.08. The market extended the rebound flagged on June 15, when the MASI posted one of its best sessions of the year after the agreement announced between Washington and Tehran, according to Médias24, before ending higher again on June 16, also according to Médias24. In stocks, Cosumar strengthened its logistics partnership with Marsa Maroc at the Port of Casablanca, according to Consonews, while Marsa Maroc opened its multi-purpose terminal to 60,000-ton bulk carriers after quay upgrades and received a first 55,000-ton vessel, according to برلمان.كوم and laquotidienne.ma. Corporate activity also drove the flow, with Laprophan finalising its 1st acquisition in Europe by taking control of Switzerland's Rivopharm, according to Médias24, CMGP Group finalising the acquisition of CPCM, according to AgriMaroc.ma, Akdital expanding in Saudi Arabia with a new hospital in Jeddah, according to Médias24 and LesEco.ma, and Mutandis setting its dividend ex-date for July 1, according to L'Economiste.