Sunday, February 13, 2022 at 11:50 AM
Rabat – The dirham depreciated by 0.62% once morest the euro and appreciated by 0.47% once morest the US dollar, during the period from February 3 to 9, 2022, according to Bank Al-Maghrib (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 February 4, 2022, official reserve assets stood at 329.4 billion dirhams (MMDH), down 0.3% week-on-week and 5.4% year-on-year.
During the same period, the overall outstanding balance of BAM’s interventions amounted to 76.4 billion dirhams, including 34 billion dirhams in the form of 7-day advances on calls for tenders, 22.7 billion dirhams in the form of repurchase transactions delivered and 19.7 billion dirhams as part of the financing support programs for very small, small and medium-sized enterprises (TPME).
On the interbank market, the average daily volume of trade stood at 3.5 billion dirhams and the interbank rate stood at an average of 1.50% during this period, specifies the bulletin, adding that during the he tender of February 9 (value date February 10), BAM injected an amount of 30.4 billion dirhams in the form of 7-day advances.
On the stock market, the Masi rose 0.3%, bringing its year-to-date performance to 4.4%. This weekly evolution mainly reflects increases in the indices of the insurance sectors by 1.7%, banks by 0.6% and buildings and building materials by 0.3%.
On the other hand, indices relating to the mining and telecommunications sectors fell by 2.6% and 1% respectively.
As for the overall volume of trade, it amounted to 732.5 million dirhams (MDH), once morest 543.5 MDH a week earlier. On the central equity market, the average daily volume amounted to 139.2 MDH following 107.5 MDH.
