2023-10-14 09:12:33
The dirham depreciated by 0.24% once morest the euro and appreciated by 0.62% once morest the US dollar during the period from October 5 to 11, according to Bank Al-Maghrib ( BAM).
During this period, no auction operations were carried out on the foreign exchange market, indicates BAM in its recent weekly bulletin.
As of October 6, 2023, official reserve assets (AOR) stood at 354.2 billion dirhams (MMDH), down 0.3% from one week to the next and up 4.4%. year-on-year, reports the same source.
BAM’s interventions stood, on a daily average, at MAD 109.9 billion, including MAD 44.1 billion in 7-day advances, MAD 39.8 billion in long-term repos delivered and MAD 26 billion in loans guaranteed for outstanding amounts.
On the interbank market, the average daily trading volume stood at MAD 2.9 billion and the interbank rate stood at 3% on average.
During the call for tenders on October 11 (value date October 12), the Bank injected an amount of MAD 42.2 billion in the form of 7-day advances.
On the stock market, the MASI appreciated by 5.3%, bringing its performance since the start of the year to 14.5%.
This weekly development mainly reflects increases in the indices of the banking sectors by 4.9%, “real estate investment companies” by 3.8% and the agri-food sector by 2.9%. Conversely, the beverage sector fell by 1.4%.
As for the overall volume of trade, it stood at 1.4 billion dirhams compared to 488.9 million dirhams a week earlier.
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