2023-12-24 10:40:06
Rabat – The dirham remained almost stable against the euro and appreciated by 1.52% against the US dollar during the period from December 14 to 20, according to Bank Al-Maghrib (BAM).
During this period, no auction operations were carried out on the foreign exchange market, indicates BAM in its weekly bulletin.
As of December 15, official reserve assets (AOR) stood at 363.1 billion dirhams (billion dirhams), up 1.5% from one week to the next and 10.5% year-on-year. , reports the same source.
BAM’s interventions were established, on a daily average, at 116.8 billion dirhams, distributed between 7-day advances for an amount of 46.7 billion dirhams as well as long-term repos delivered and guaranteed loans for respective outstanding amounts of 41.6 billion dirhams and 28.5 billion dirhams.
On the interbank market, the average daily trading volume stood at MAD 4.1 billion and the interbank rate stood at 3% on average.
During the call for tenders on December 20 (value date December 21), the Bank injected an amount of MAD 52.7 billion in the form of 7-day advances.
As for the stock market, the MASI appreciated by 1.1%, bringing its performance since the start of the year to 14.2%. This weekly development mainly reflects increases in the banking sector indices of 2.8%, real estate of 2.5% and distributors of 1.6%.
Conversely, those in the real estate investment trust and electricity sectors fell by 0.4% and 1.6%, respectively.
As for the weekly trading volume, it increased from one week to the next from 1.4 billion dirhams to 2.1 billion dirhams, including nearly 600 million dirhams linked to the IPO of CFG Bank.
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