MASI rises 2.22% as Managem overtakes Attijariwafa in market cap
The MASI rose 2.22% to 18,754.2 points on April 14, while the MASI Mid and Small Cap jumped 3.32% to 1,937.57 points, according to market data. The advance was driven by mid-caps, industry and real estate, which outpaced heavyweight stocks, according to an April 14 analyst note. Managem surged 10% on 366.4 million dirhams of turnover on April 13 and became the largest market capitalization at mid-session, overtaking Attijariwafa Bank, according to Medias24. On Attijariwafa Bank, M.S.IN recommends the stock and sees 12% upside, according to Medias24 and Le Matin.ma, while analysts had already pointed to a rebound on April 12, InfoMaroc reported. Off-market, OCP secured a 95 million euro IFC loan for phosphogypsum storage in Jorf Lasfar, according to Le Desk.
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