The dirham appreciated by 1.47% against the euro and depreciated by 1.06% against the US dollar during the period from November 7 to 13, 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 360.1 billion dirhams (billion dirhams) as of November 8, down 0.1% from one week to the next and up 1.6% year-on-year.
As for BAM’s interventions during the week of November 7 to 13, they reached 152.5 billion dirhams on a daily average, distributed between 7-day advances for an amount of 63.5 billion dirhams, as well as pensions. delivered over a longer term and guaranteed loans for respective amounts of MAD 51.8 billion and MAD 37.3 billion.
On the interbank market, the average daily trading volume amounted to MAD 2.4 billion and the interbank rate stood at 2.75% on average.
During the call for tenders on November 13 (value date November 14), the Bank injected an amount of MAD 63 billion in the form of 7-day advances.
On the stock market, the MASI appreciated by 2.7%, bringing its performance since the start of the year to 21.4%. This weekly development reflects in particular the increases in the indices of the transport services sectors by 11.6%, banks by 3.2% and buildings and construction materials by 2.6%.
On the other hand, those of the beverages and electricity sectors decreased by 3% and 3.3% respectively.
As for the weekly volume of trade, after an amount of 1.4 billion dirhams a week previously, it amounted to 3.4 billion dirhams, including 2.2 billion dirhams on the central market (shares) and 1 billion dirhams in of the offer for sale to the public of Crédit du Maroc shares.
Morocco
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