2023-04-16 21:17:00
Bank Al-Maghrib (BAM) indicated that during the period from April 6 to 12, the dirham appreciated by 0.36% once morest the euro and by 0.18% once morest the US dollar. .
In its recent weekly bulletin, BAM specifies that during this period, no auction operation was carried out on the foreign exchange market.
As of April 7, 2023, official reserve assets stood at 361.5 billion dirhams (MMDH), up 0.1% week-on-week and 9.8% year-on-year, continued the same source.
During the same period, the overall outstanding amount of BAM’s interventions came to 77.4 billion dirhams, including 43.4 billion dirhams in the form of 7-day advances on call for tenders, 16.4 billion dirhams of repos delivered to long-term, and 17.6 billion dirhams of long-term guaranteed loans.
On the interbank market, the average daily volume of trade stood at 3.3 billion dirhams and the interbank rate stood at 3% on average during this period.
During the call for tenders of April 12 (value date April 13), the Bank injected an amount of 44.3 billion dirhams in the form of 7-day advances.
On the stock market, the MASI appreciated by 0.1%, bringing its poor performance since the start of the year to 2.1%, indicates BAM.
This weekly evolution mainly reflects the increases in the indices of the sectors of “real estate investment companies” by 1.8% and “buildings and construction materials” by 1.5%. Conversely, those relating to the banking and distributor sectors fell by 0.9% and 2.2%.
As for the overall volume of trade, it stood at 539.3 million dirhams (MDH) once morest 864.3 MDH a week earlier. On the central equity market, the average daily volume amounted to 107.8 MDH following 144.2 MDH.
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