Casablanca: MASI slips 0.34% as Managem and T2S drive trading

The MASI fell 0.34% to 17,739.77 points on July 29, while the MASI 20 lost 0.30% to 1,307.76 and the MASI ESG slipped 0.32% to 1,268.86. Jet Contractors drew 13.6 million dirhams in turnover in a weaker session, according to analyst reports, after the MASI had already dropped 0.42% a day earlier and Zellidja rose 6.3% on July 28. Managem remained in focus after a 9.5% jump on July 27 following its share split, while the group created Tendrara Energy to house its gas activities, according to Le Desk. In primary market news, Attijariwafa bank accounted for 49% of T2S IPO subscribers, Le360 reported, while the lender posted a stable first-half profit of 5.9 billion dirhams, according to Le Matin.ma.