This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press
The Bank of Morocco reported that the price of the dirham increased by 0.1 percent against the euro and remained almost stable against the US dollar, during the period from January 9 to 15. The Bank of Morocco explained, in its weekly bulletin, that no tender procedure was carried out on the foreign exchange market during this period.
The same source indicates that as of January 10, 2025, official reserve assets amounted to 367.8 billion dirhams, recording a decrease of 1.4% from one week to the next and an increase of 3.2 % on an annual basis.
On a daily average, Bank Al-Maghrib pumped 137.3 billion dirhams during the week of January 9 to 15, 2025. It is distributed between 7-day advances amounting to 53.4 billion dirhams, long-term repurchase operations (49.6 billion dirhams), and long-term repurchase operations (49.6 billion dirhams) loans (34.3 billion dirhams).
-At the interbank market level, the average daily trading volume reached 2.4 billion dirhams, and the interbank rate reached 2.5% on average.
During the call for tenders on January 15 (deadline January 16), the bank injected an amount of 57.4 billion dirhams in the form of 7-day advances.
Regarding the stock market, the “MASI” index increased by 2.3 percent during the period from January 9 to 15, bringing its year-to-date performance to 8.8 percent. This weekly development mainly reflects the increase in the indicators of “banking” by 2.1 percent, “agriculture/food production” by 8.1 percent and “communications” by 5.7 percent.
Concerning the weekly trading volume, it decreased from one week to the next, going from 4.2 billion dirhams to 2.6 billion dirhams, most of which took place at the level of the Central Stock Exchange.
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