Moroccan indices up 0.6%-0.8%, CIH Bank posts 24% profit growth
The MASI index rose 0.72% to 17,065.2 points, while the MASI Mid and Small Cap gained 0.83%. CIH Bank reported a 24.4% increase in net profit to 1.089 billion dirhams for 2025, proposing a dividend of 14 DH per share. Wafa Assurance also showed growth with an 11% profit increase and a raised dividend of 150 DH. LafargeHolcim Maroc changed its name to HolcimMaroc, according to L'Economiste.
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The MASI fell 0.78% to 17,846.86 points on July 13, after posting a weekly gain of 0.37% as of July 10, while the MASI Mid and Small Cap dropped 1.53% to 1,789.66 and the MASI 20 slipped 0.49% to 1,319.24, according to market data and an analyst report. The pullback came despite a positive close on July 10, according to Infomédiaire, and as PRO jumped 6% against a 0.78% decline in the MASI, according to a July 13 analyst note. In deals, T2S Group Holding secured AMMC approval for a 1.1 billion dirham IPO priced at 223 dirhams per share and aims to nearly double revenue to 4.2 billion dirhams by 2030, according to Medias24, Le Matin and Boursenews. In infrastructure, Marsa Maroc launched a 3 billion dirham investment plan at Casablanca port alongside a 20-year extension of the container terminal concession, while West Med Container Terminal signed a 196.7 million euro 15-year loan for the East Terminal at Nador West Med, according to LesEco.ma, Aujourd'hui le Maroc and Telquel.ma. On the corporate side, Managem took a 60% stake in Senegal's Senala gold project and is preparing a new drilling campaign, according to Medias24, while Cosumar will pay its annual dividend on Aug. 3, 2026, according to Zonebourse.