The dirham appreciated by 0.99% once morest the euro and depreciated by 1.21% once morest the US dollar, during the period from October 6 to 12, 2022, according to Bank Al- Maghreb (BAM).
During this period, no auction operation was carried out on the foreign exchange market, indicates the Central Bank in its recent weekly bulletin.
As of October 7, 2022, official reserve assets stood at 339.1 billion dirhams (MMDH), down 0.5% week-on-week and up 5.3% year-on-year , says BAM.
During the same period, the overall outstanding amount of BAM’s interventions amounted to 102.6 billion dirhams, including 48.6 billion dirhams in the form of 7-day advances on calls for tenders, 30.9 billion dirhams of outstanding pensions delivered over the long term and 23.2 billion dirhams of long-term guaranteed loans.
On the interbank market, the average daily volume of trade stood at 5.5 billion and the interbank rate stood at an average of 2.01% during this period, notes the same source, noting that during the call for tenders of October 12 (value date October 13), the Bank injected an amount of 51.6 billion dirhams in the form of 7-day advances.
On the stock market, the Masi has almost stabilized compared to last week, maintaining its poor performance since the start of the year at 12.7%. This weekly trend covers in particular the declines in the indices of the insurance sectors by 4.5%, oil and gas by 1.9% and telecommunications by 0.9%, as well as the increases in those of the mines by 3%, agrifood by 1.4% and banks by 0.5%.
As for the overall volume of trade, it amounted to 367.1 million dirhams (MDH), once morest 923.6 MDH a week earlier. On the central equity market, the average daily volume stood at 82.9 MDH following 183.7 MDH.
