Casablanca flat as Cosumar highlights 281,000 tonnes and MAD 500 mln
The MASI ended nearly flat at 18,739.54 points, down 0.02%, while the MASI 20 rose 0.16% to 1,378.5 and the MASI Mid and Small Cap index fell 0.28% to 1,927.32. In that subdued market, SBM jumped 4.9% despite pressure on mid and small caps, according to an April 16 analyst note. Cosumar highlighted 281,000 tonnes of sugar output for the 2024-2025 crop year and stronger results, according to EcoActu.ma and Le Desk. The group also launched a MAD 500 million liquid CO2 project and outlined promising prospects, according to Le Desk and La Vie éco.
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BCI posted the day’s top gain in Casablanca, rising 2.5% to MAD 618.9 while the MASI fell 0.27%. In a market with negative breadth, the move highlights increasingly selective buying in Moroccan bank stocks.