2023-07-15 10:31:26
The Moroccan dirham experienced a slight depreciation once morest the euro and the US dollar during the week of July 6-12, according to data from Bank Al-Maghrib (BAM).
During this period, no auction event was recorded on the foreign exchange market, said BAM in its latest weekly bulletin.
As of July 7, official reserve assets stood at 341.7 billion dirhams (MMDH), registering a decrease of 1.3% compared to the previous week and an increase of 5% compared to the previous year. , indicates the same source.
Regarding the interventions of Bank Al-Maghrib, the total amount is 104.4 billion dirhams for the week of July 6 to 12. Among these interventions, 37.6 billion dirhams correspond to 7-day advances on call for tenders, 43.1 billion dirhams are linked to long-term repos, and 23.7 billion dirhams are allocated to long-term guaranteed loans.
On the interbank market, the average daily volume of trade amounted to 3.9 billion dirhams, with an average interbank rate of 3%.
During the July 12 call for tenders (with a value date of July 13), the Bank injected 38 billion dirhams in the form of 7-day advances.
On the stock market side, the MASI index recorded a depreciation of 1.2%, bringing its performance since the beginning of the year to 7.7%. This weekly change mainly reflects the declines in the indices for the distributors (-3.8%), banks (-1.3%) and “buildings and construction materials” (-1.2%) sectors.
On the other hand, the “forestry and paper” and “portfolios and holding companies” sectors experienced an increase of 11.8% and 3.7% respectively.
As for the overall volume of trade, it amounted to 527.7 million dirhams (MDH), once morest 228 MDH the previous week. On the central equity market, the average daily volume reached 104.1 MDH, once morest 68.2 MDH previously.
1689431464
#Feedback #fluctuations #foreign #exchange #market
