The dirham depreciated by 0.13% against the euro and appreciated by 0.47% against the US dollar during the period from October 24 to 30, 2024, according to Bank Al-Maghrib ( BAM).
During this period, no auction operations were carried out on the foreign exchange market, BAM reports in its weekly bulletin.
Official reserve assets stood at 362.4 billion dirhams (billion dirhams) as of October 25, down 0.5% from one week to the next and up 1.9% year-on-year.
As for BAM’s interventions during the week of October 24 to 30, they reached 151.6 billion dirhams on a daily average, including 62.6 billion dirhams in the form of 7-day advances, 51.8 billion dirhams in pensions. delivered over a longer term and MAD 37.3 billion in guaranteed loans.
On the interbank market, the average daily trading volume returned to MAD 2.1 billion and the interbank rate stood at 2.75% on average.
During the call for tenders on October 30 (value date October 31), the Bank injected MAD 61.6 billion in the form of 7-day advances.
On the stock market, the MASI appreciated by 0.5% from October 24 to 30, bringing its performance since the start of the year to 17.3%.
This weekly development reflects in particular the increases in the indices of the transport services sectors by 5.7%, buildings and construction materials by 1.8% and banks by 0.4%.
On the other hand, the insurance and telecommunications sectors decreased by 3.4% and 2.2% respectively.
As for the weekly trading volume, it amounted to MAD 1.5 billion and was carried out mainly on the central equity market.
With MAP
Morocco
