MASI falls 1.03% as Cosumar and Taqa Morocco drive the narrative
The MASI fell 1.03% to 19,041.05 points on April 20, after a 2.66% weekly gain in the April 13-17 period, while the MASI 20 lost 1.36% to 1,403.43 and the MASI Mid and Small Cap dropped 1.41% to 1,950.33. On stocks, Managem became the No. 1 market capitalization in mid-session ahead of Attijariwafa Bank, according to Medias24, while M.S.IN still rates Attijariwafa a buy with 12% upside and the bank posted more than 10 billion dirhams in profit, according to Medias24 and Le Matin.ma. Cosumar drove a cluster of corporate headlines with 281,000 tonnes of sugar output, a 500 million dirham liquid CO2 project and higher results, according to Le Desk, EcoActu.ma and La Vie éco. Taqa Morocco said it wants to raise capacity to 8 gigawatts by 2030 with 40 billion dirhams earmarked for renewables and natural gas, reports برلمان.كوم, while Akdital opened a new international expansion cycle, according to FNH.ma, and OCP secured a 95 million euro IFC loan for phosphogypsum storage in Jorf Lasfar, according to Le Desk.
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