MASI slips 0.22%, CMT jumps 10.3% after takeover offer

The MASI closed down 0.22% at 17,539.62 points on July 20, after declines of 0.18% on July 14 and 0.52% on July 16, according to Medias24. CMT jumped 10.3% on July 20 despite the broader market drop, after a trading suspension announced on July 17 following the filing of a takeover offer, according to Medias24 and analyst notes. Marsa Maroc drove corporate headlines with the award of the Jorf Lasfar oil berth 8 bis concession on July 16, while LesEco.ma reported on July 13 that it secured 196.7 million euros for the East Terminal at Nador West Med. On the corporate side, Le Desk reported that Cosumar obtained MSI 20000® certification on July 20, while Boursenews.ma said Managem’s share split will take effect on July 27.