Bank Al-Maghrib (BAM) indicated that during the period from October 31 to November 5, the dirham depreciated by 0.12% against the euro and appreciated by 0.34% against against the American dollar.
In its weekly bulletin, BAM specifies that during this period, no auction operations were carried out on the foreign exchange market.
Official reserve assets stood at 360.6 billion dirhams (billion dirhams) as of November 1, down 0.5% from one week to the next and up 1.2% year-on-year. .
As for BAM’s interventions during the week from October 31 to November 5, they reached 150.7 billion dirhams on a daily average, including 61.6 billion dirhams in the form of 7-day advances, 51.8 billion dirhams in pensions delivered over the longer term and MAD 37.3 billion in guaranteed loans.
On the interbank market, the average daily trading volume amounted to 3.9 billion and the interbank rate stood at 2.75% on average.
During the call for tenders on November 7 (value date November 7), the Bank injected an amount of 63.5 billion dirhams in the form of 7-day advances.
On the stock market, the MASI appreciated by 0.8% from October 31 to November 5, bringing its performance since the start of the year to 18.2%.
This weekly development reflects in particular the increases in the indices of the “buildings and construction materials” sectors of 2.5%, “transport services” of 1.7% and banks of 1.2%.
On the other hand, those in the mining and distributors sectors decreased by 1% and 2.6% respectively.
As for the weekly trading volume, it stood at 1.4 billion dirhams after 1.5 billion dirhams a week earlier and was carried out mainly on the central equity market.
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