Casablanca: MASI rises 0.16% as Akdital and CMGP drive stock news
The MASI closed at 18,950.94, up 0.16% on May 8, while the MASI Mid and Small Cap index rose 0.6% to 1,984.55, according to market data. The week was choppy, with a 1.66% gain on May 6 followed by a 0.1% dip on May 7, leaving the weekly move at just 0.16% despite 33 decliners, according to analyst notes. In corporate news, Akdital expanded its partnership with Accreditation Canada to 12 facilities, according to Medias24. CMGP Group also finalized its acquisition of CPCM, AgriMaroc.ma reported.
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Mutandis targets Enosis at MAD1.7 bln as MASI closes up 0.57%
The MASI rose 0.57% to 18,811.95 points on Sept. 8, while the MASI 20 added 0.57% to 1,357.83, the MASI ESG gained 0.73% to 1,397.05 and the MASI Mid and Small Cap edged up 0.24% to 1,809.7. Mutandis led corporate news by seeking to take control of Enosis, valued at MAD1.7 billion, after a first half marked by higher revenue but lower profitability, according to Boursenews, L'Economiste, lematin.ma and Le Desk. Akdital received approval to open its first hospital in Riyadh, marking its entry into Saudi Arabia, telegraphe.ma and InfoMagazine Maroc reported. The sector backdrop stayed mixed, with a BKGR portfolio down in August on weaker industrial stocks according to LesEco.ma, while construction fell 7% and Managem drew MAD55.3 million in a near-flat market, according to Infomédiaire and a Sept. 8 analyst note.
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